Member Article

Manufacturing output falls

The manufacturing industry has seen a surprise fall in output, reinforcing worries about the state of the UK economic recovery process.

The BBC reports that manufacturing fell by 0.4 percent in June, in comparison with a 1.8 percent increase in May.

The trade deficit for goods and services also widened to £4.5 billion in June from £4 billion in May. The fall in industrial output also fell further than expected, to 1.6 percent, 0.2 percent more than was earlier projected.

Following the results, a representative from the British Chamber of Commerce called for more support for the manufacturing recovery to ensure there are no further setbacks.

Despite the uninspiring figures however, the worse than expected figures would not have a significant impact on Q2 GDP growth.

This was posted in Bdaily's Members' News section by Ruth Mitchell .