Britain’s industrial output fell in August and the trade deficit widened, according to official figures that break a run of upbeat reports on the UK’s post-referendum economy. The Office for National Statistics said industrial production fell 0.4% in August after a 0.1% increase in July. But output fell in other parts of the industrial sector in August. The ONS estimated the UK’s deficit on trade in goods and services at £4.7bn in August, a widening of £2.5bn from July. The two reports on trade and industrial production follow signs in surveys that businesses had rebounded from the initial shock of June’s vote to leave the EU.

Source: The Guardian October 07, 2016 10:37 UTC