UK Industrial Output Rises in July

UK industrial output saw its biggest monthly rise in six months in July as electricity generation increased, official figures show.

Industrial output rose by 0.5% in July after a 0.3% rise in June, according to the latest figures from the Office for National Statistics.

The increase was stronger than the 0.2% average rise forecast by economists.

Separate ONS figures showed the UK goods trade deficit hit its widest level for more than two years in July.

The goods trade deficit was £10.2bn, up from £9.4bn in June, the widest monthly deficit since April 2012.

The widening came despite a small £500m increase in exports, as imports rose “more significantly”, by £1.3bn, the ONS said.

via BBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza