UK: Annual Industrial Production decline accelerates in August

FXstreet.com (Barcelona) - Year-over-year UK Industrial Production fell by 1.5% in August, following a 1.1% drop in July, National Statistics informed on Wednesday. Analysts expected much less decrease of 0.6%. UK Industrial Production slid 1.1% between July and August, in comparison with the 0.1% rise registered between June and July and against expectations of a 0.4% increase.

On an annual basis UK Manufacturing Production fell by 0.2% in August, after decreasing 0.3% in July and against expectations of 1% growth. Between July and August UK Manufacturing Production dropped 1.2%, following a 0.2% increase between June and July and against market consensus of a 0.4% rise.