UK: Industrial production figures largely in line with expectations - BBH

Today's UK industrial production figures for July were largely in line with expectations with a 0.2% monthly advance, according to analysts at BBH.  

Key Quotes

“Within industrial output, manufacturing was a bright spot.  It rose 0.5% after a flat June reading.  Construction output was considerably weaker than expected (-0.9% vs. median guesstimate of -0.2%).  It is the fourth consecutive monthly decline.  Separately, the UK reported a somewhat smaller trade deficit, but much of the improvement was due to revisions to the June series.”