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2025-09-12 15:10:52
UK Industrial Output Unexpectedly Declined by 0.9% Month-Over-Month in July, Primarily Driven by Weak Manufacturing. (1) UK industrial output fell 0.9% month-over-month in July, significantly worse than market expectations of a flat reading and reversing the 0.7% increase in the previous month. (2) Manufacturing output fell 1.3% month-over-month (+0.5% in the previous month), with computer, electronic, and optical products, basic pharmaceuticals, and chemicals as the primary drag. (3) Mining output continued its decline (-2.0% vs. -0.4% in the previous month), while growth in electricity and gas supply slowed (2.0% vs. 3.3%). (4) Water supply and waste management output accelerated (0.8% vs. 0.5%). (5) Industrial output edged up 0.1% year-over-year in July (+0.2% in the previous month), significantly below market expectations of a 1.1% increase.
