 "UK industrial output increases as manufacturing rebounds")
UK industrial production rose more than economists forecast in June as manufacturing surged the most in a year, rebounding from a slump the previous month.
Industrial output increased 1.1 per cent from May after stagnating for three months, the Office for National Statistics (ONS) said on Tuesday in London. Economists had forecast a 0.7 per cent increase, according to the median of 33 estimates in a Bloomberg News survey. Factory output jumped 1.9 per cent, also exceeding economists' forecasts.
The pound extended its advance against the dollar after the data were published, and traded at $1.5386 at 9:31 am in London, up 0.2 per cent from Monday.
In the three months through June, total production increased 0.6 per cent from the previous quarter, matching the estimate in the gross domestic product report on July 25. The ONS said Tuesday's data will have no impact on the GDP estimate. Manufacturing increased 0.7 per cent in the period, the most since December 2010.
Industrial output increased 1.1 per cent from May after stagnating for three months, the Office for National Statistics (ONS) said on Tuesday in London. Economists had forecast a 0.7 per cent increase, according to the median of 33 estimates in a Bloomberg News survey. Factory output jumped 1.9 per cent, also exceeding economists' forecasts.
The pound extended its advance against the dollar after the data were published, and traded at $1.5386 at 9:31 am in London, up 0.2 per cent from Monday.
In the three months through June, total production increased 0.6 per cent from the previous quarter, matching the estimate in the gross domestic product report on July 25. The ONS said Tuesday's data will have no impact on the GDP estimate. Manufacturing increased 0.7 per cent in the period, the most since December 2010.