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

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2024. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!