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U.K. industrial production rises more than forecast in August

Published 10/07/2015, 04:35 AM
Updated 10/07/2015, 04:35 AM
© Reuters.  U.K. industrial production rises at faster than expected rate in August

Investing.com - Industrial production in the U.K. rose more strongly than expected in August, boosting the outlook for third quarter growth, according to data released on Wednesday.

The Office for National Statistics said industrial production rose 1.0% from a month earlier, well ahead of expectations for a 0.3% increase.

Industrial output rose 1.9% from a year earlier, compared to expectations for a 1.2% increase.

Manufacturing production was up 0.5% from a month earlier, the ONS said, but was down 0.8% on a year-over-year basis.

GBP/USD was trading at 1.5305 from around 1.5290 ahead of the announcement, while EUR/GBP was at 0.7345 from 0.7350 earlier.

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