This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/go/rss/int/news/-/news/business-11227503

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
UK manufacturing output rises by 0.3% in July UK manufacturing output rises by 0.3% in July
(40 minutes later)
UK manufacturing output rose 0.3% in July from the month earlier, in line with economists' forecasts. UK manufacturing output rose 0.3% in July from the month earlier, according to the Office for National Statistics.
The figure, which excludes mining and the oil and gas sectors, took the rise for the year to 4.9%, the best annual gain since 1994.The figure, which excludes mining and the oil and gas sectors, took the rise for the year to 4.9%, the best annual gain since 1994.
According to the Office for National Statistics, the sectors seeing the biggest output rise in July were the machinery and equipment industries. Industrial output, which includes these sectors, also rose 0.3% in July, recovering from a 0.5% in June, and taking the annual rate to 1.9%.
Output from mining, quarrying, and oil and gas, fell 7.7% in July. The machinery and equipment sectors saw the biggest rise in July, the ONS said.
"It's a decent reading," said George Buckley, UK economist at Deutsche Bank.
"But I think it's going to be quite difficult to achieve the same rates of growth (going forward) that we saw in the first and second quarters of this year."
Philip Shaw, analyst at Investec, said: "It's encouraging and we think the outlook for manufacturing remains on the positive side, not just on general recovery grounds but possibly also on reasonable export prospects."
The ONS said there was scope for further gains in industrial output as more oil rigs came back on stream in August.
Oil and gas output rose 0.8% in July after a 5.2% fall in June, but was still 8.4% lower than the same month a year ago.