Factory Output Data Weighs on FTSE
The FTSE 100 index fell 1.6%, or 87.5 points, to close at 5223.1 after disappointing data indicate that factory output had stalled in October, contrary to economists’ expectations.
However, there was more positive news from Halifax, which found that house prices rose for the fifth consecutive month in November, confounding expectations of a pre-Christmas slowdown.
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