British Manufacturing Output Rises in July

Sept. 8, 2009
Uptick suggests U.K. is on the backside of recession.

British manufacturing output increased by 0.9% in July from June, beating analyst expectations and suggesting Britain could soon exit recession, official data showed on Tuesday.

Output in July on a 12-month basis slumped 10.1%, the Office for National Statistics (ONS) said in a statement.

Market expectations had been for a 0.4% monthly rise and an annual slide of 9.9%, according to Dow Jones Newswires.

ONS said a wider measure of industrial production, which includes mining, quarrying and energy, grew 0.5% in July from June and was down 9.3% year-on-year.

Copyright Agence France-Presse, 2009

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