08.09.201005:52:00UTC+00U.K. Manufacturing Output Increases In July

U.K. manufacturing output recorded an annual growth of 4.9% in July, bigger than the 4% growth seen in June, the Office for National Statistics said in a report on Wednesday. The latest growth figure matched economists' expectations.

In manufacturing, output increased in nine of the 13 sub-sectors and fell in four sub-sectors. The largest increases in output were in the machinery and equipment industries, which rose by 17.7%.

Industrial output growth also accelerated on a yearly basis in July to 1.9% from 1.3%. However, growth was slightly smaller than the consensus forecast of 2%.

Month-on-month, manufacturing output growth stagnated at 0.3% in July, in line with expectations. Industrial production rose 0.3% in July compared to consensus forecast of 0.4% increase.

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