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2025-09-12 15:10:18
UK manufacturing output plummeted 1.3% month-over-month in July, its biggest drop in a year. (1) UK manufacturing output fell 1.3% month-over-month in July, significantly worse than market expectations for a flat reading and reversing the 0.5% increase in the previous month. (2) This was the sharpest contraction since July of last year, with nine of 13 sub-sectors experiencing declines. (3) Computer, electronic, and optical product manufacturing (-7% vs. 8.8% in the previous month) contributed the largest negative impact. (4) Basic pharmaceutical products (-4.5% vs. -1.1%) and chemical products (-4.6% vs. 0.7%) also weakened significantly. (5) Textiles and leather products (1.2% vs. 0.2%) and electrical equipment (3.3% vs. -0.5%) were the only sectors to see growth. (6) Manufacturing output grew 0.2% year-over-year in July, compared to zero growth in the previous month.
