UK Production Fell in June
Posted: Wed Aug 10, 2016 1:14 pm
This article was written by Dwayne Buzzell, a financial analyst with more than two years experience in forex trading and private investing.
Statistics
The Office of National Statistics of Great Britain announced production data for June. It is expected to decline by 0.2%, with industrial production increasing by 0.1%.
Industrial and factory output fell in May after an unexpectedly large increase in April, although the decline was less than economists predicted. Factory production fell on a monthly basis after an impressive 0.5% growth from 2.4% in April.
For June, economists forecasted a drop again but this time by 0.2%. The pound ... (read more)