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Weak economic data drag FTSE 100 on Friday

Xinhua, May 16, 2015 Adjust font size:

The FTSE 100 Index, Britain's benchmark stock market gauge, Friday decreased by 0.18 percent or 12.55 points to 6,960.49 points, on weaker-than-expected economic data from the United States.

U.S. industrial production, an indicator of mines, factories and utilities output, decreased 0.3 percent in April marking a fifth consecutive monthly loss, the U.S. Federal Reserve reported Friday.

Besides, U.S. consumer sentiment fell to a preliminary May reading of 88.6, the lowest level since November 2014, compared with a final April level of 95.9, according to reports.

Carnival led the top losers of the blue chips with a share price drop of 2.27 percent, followed by ITV (1.83 percent), Compass Group (1.77 percent), Shire (1.70 percent) and Aviva (1.69 percent).

Glencore's share price increased by 1.81 percent, topping the gainers of the blue chips. Anglo American, Coca-Cola HBC AG, Babcock International Group and AstraZeneca increased by 1.80 percent, 1.77 percent, 1.55 percent and 1.51 percent respectively.

The index has gained 7.93 percent so far this year when measured in U.S. dollars. Endit