Wed, 07 Sep 2016 12:27:10 GMT
UK manufacturing sector sees contraction worsen in July
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.