UK manufacturing production rebounds 0.3% m/m in July, surprises positively

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, with the overall industrial activity witnessing an unexpected upturn in July.

Manufacturing output arrived at +0.3% m/m in July versus -0.1% expectations and -0.2% booked in June, while total industrial output came in at +0.1% vs. -0.1% expected and -0.1% last.