UK manufacturing sector sees contraction worsen in July

Source: Investing.com
© Reuters
Britain's manufacturing production declined at a seasonally adjusted rate of 0.9% month-over-month in July, compared to June's upwardly revised fall of 0.2%, while analysts expected output to contract 0.4% in the reported month. On an annual basis, manufacturing production in the UK rose 0.8% in July, following June's downwardly revised gain of 0.6% and falling behind the 1.6% market forecast.
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