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UK industrial production data remains mixed, says ONS

Staff Writer |
UK industrial production remained stable on a month-to-month basis in the run-up to the Brexit vote, according to official data.

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Industrial production in June rose by a slight 0.10%, the Office for National Statistics (ONS) revealed, better than the consensus estimate for 0.10% fall and rebounding from the revised previous 0.6% decline the month before.

Year-on-year, industrial production rose 1.60%, improving from the 1.4% in May as expected. UK manufacturing production fell 0.3% in July, worse than the 0.2% consensus forecast decline but an improvement on the 0.6% drop in May.

June's manufacturing production rose 0.9% compared to the same month last year, short of the expected 1.3% rise and down from the previous 1.5%.

ONS chief economist Joe Grice said: "As we previously highlighted in our preliminary estimate of GDP, production and the wider economy grew strongly in April and then remained at roughly the same level throughout May and June.

"Any uncertainties in the run-up to the referendum seem to have had little impact on production, with very few respondents to our surveys reporting it as an issue."

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