U.K. industrial production growth likely to have slowed in November

Prospects for U.K. economic growth are slightly dependent on the negotiation process on the Brexit, noted Wells Fargo in a research report. However, there is no way of knowing the outcome of that process at this time. Uncertainties are expected to result I businesses to retrench through lower investment or to cut back on hiring, which might cause the British economy to further weaken.

The November industrial production data is set to be released this week and is expected to offer a measure of activity in the factory sector. Industrial output was flat in October following a 0.7 percent rise in the prior month. In recent years, the year-on-year prints have been volatile. Even a modest sequential gain in November might still result in a fall in the year-on-year rate, stated Wells Fargo. According to consensus expectations, industrial production growth is likely to have slowed to 1.8 percent in November.

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