The UK’s Gross Domestic Product has fallen to 0.1% in July from 1% in June. This result is the weakest seen since January and is below the 0.6% expected by the market.
The UK has released a large battery of data for the month of July with mixed results.
The trade balance has widened its deficit to -12,706B pounds from -11,988B previously, worsening the -11B forecast. The total trade balance has fallen to -3,117B from -2,514B.
Industrial production has risen 1.2% in July after falling 0.7% in June, and has improved on the expected 0.4% increase. This is their biggest climb since March. At a year-on-year level, the indicator has grown 3.8% after having risen 8.3% the previous month, but the increase of the estimated 3% has improved.
Manufacturing production has reached 0%, its worst result since January. In June it grew by 0.2% and for today a slight increase of 0.1% was expected. Year-on-year, the indicator has grown 6%, as expected, below the 13.9% of the previous month.
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