British industrial output falls sharply in July

British industrial and manufactured output slowed sharply in July, official figures showed today.

Industrial output fell by 0.5 per cent in July from June, and by 3.2 per cent on a 12-month basis, the British office for national statistics said.

Manufacturing output dropped by 0.9 per cent in July from June, giving a 12-month fall of 3 per cent.

Analysts had been expecting a 12-month fall of 2.7 per cent in industrial output and a decline of 2.1 per cent in manufacturing output.

AFP