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UK manufacturers enjoy strongest growth this year despite low trade deficit

Office for National Statistics said manufacturing output rose 0.5% in July

Reuters  |  London 

Britain's manufacturing output expanded at the strongest pace this year in July, but there was little sign of improvement in the trade deficit despite sterling's sharp fall since last year's Brexit vote. The data, released on Friday along with figures for the construction industry, suggest Britain's economy continues to expand at a modest pace at the start of the third quarter after suffering the slowest start to the year since 2012. The Office for National Statistics said manufacturing output rose 0.5 percent in July, above economists' forecasts in a Reuters ...

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First Published: Fri, September 08 2017. 18:15 IST
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