United Kingdom: Industrial output continues to recover in July
Industrial production grew 5.2% month-on-month in seasonally-adjusted terms in July (June: +9.3% mom). July’s upturn largely reflected a solid expansion in manufacturing.
On an annual basis, factory output plunged 7.8% in July (June: -12.5% yoy). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 7.2%, down from June’s minus 6.7% reading.