The UK’s Gross Domestic Product (GDP) rose 0.4% in August, improving on the 0.1% drop seen in July (revised down from + 0.1%). The result is slightly below expectations, as the market consensus forecast a 0.5% rise.
The The country’s trade balance increased its deficit to -14,927B of pounds from -14,095B previously, worsening expectations of reducing them to -12B.
Industrial production grew by 0.8% in August, above the 0.2% forecast and the 0.3% previously (figure revised down from 1.2%), registering the largest rise seen since March. The annual indicator increased 3.7%, improving the estimated 3%, although without reaching 4.4% in July.
Manufacturing production also improved in August, with a monthly rise of 0.5%, above the -0.6% previously and the 0% forecast, its highest increase since March. Annually, the indicator grew 4.1%, below the 6.1% in July and the 6% expected.
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