Overview

• Industrial production rose 0.4% month over month in August, offsetting a revised 0.4% decline in July.
• Manufacturing led the improvement with a 0.7% monthly gain, according to the ONS.
• Output was 0.7% lower than a year earlier after July’s annual figure was revised to a 0.1% drop.
• The August increase exceeded expectations, including a Wall Street Journal survey that forecast a 0.1% rise.
• Separate data showed the goods trade deficit widened to £3.39 billion, the largest since March, as exports to the U.S. fell by about £700 million including precious metals.