UK industrial production for August dipped 1.1% in the month, abruptly ending a series of positive data on the British economy in recent months while in Germany, output rebounded after a dip in July.
Figures published by the Office for National Statistics on Wednesday showed UK industrial production dropped to its lowest level in almost a year, with manufacturing decreasing by 1.2% in August after two consecutive increases.
Production was 1.5% below the level in 2012.
The main components contributing to the decrease in manufacturing between July 2013 and August 2013 were the manufacture of basic pharmaceutical products & pharmaceutical preparations; the manufacture of computer, electronic & optical products; and the manufacture of food products, beverages & tobacco.
The trade deficit for goods and services narrowed slightly to £3.3bn in August from £3.4bn in July. The goods trade deficit fell from £9.94bn in July to £9.63bn in August, boosted by a 1.1% month-on-month increase in exports and a 0.1% fall in imports. The gap in non-EU trade narrowed, but trade with the EU worsened. The services surplus narrowed from £6.5bn to £6.3bn.
In Germany, industrial production in made a
strong rebound in August led by higher demand for cars and capital goods.
Construction was down 1.9% month-on-month in August, and energy production dipped 0.2%.
Compared to a year ago, overall industrial production was at -0.8%.
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