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9/11, 8:04 AM (Source: TeleTrader)
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UK industrial production up 5.2% MoM in July

Industrial output in the United Kingdom rose by 5.2% in July compared to the month before, the country's Office for National Statistics said in a release on Friday.

Manufacturing was the largest contributor to the upward trend with a 6.3% increase, while the total production output dipped 3.5% in the three months to July compared to the quarter prior. Compared to the same three-month period the previous year, the production output declined by 13.5%.

The report reiterated notions from the month before saying that "the coronavirus continued to have a significant negative impact on... estimates of monthly, three-monthly and three-monthly on a year ago growth for production output during July 2020, resulting in significant falls for the latter two estimates."

Breaking the News / BU