According to the figures of Office for National Statistics (ONS), the output of the manufacturing industry of UK has raised up by 0.3% in the month of July as compared to its previous month. According to the figures of ONS, the manufacturing industry saw a rise of 4.9% in this year excluding the gas and oil production sectors and made it the best annual gain since the year 1994.
The industrial output also rose up by 0.3% in the month of July which took the annual rate to 1.9%. The industrial output includes three sectors of UK As per the reports of ONS, the equipment and machinery sector saw the highest rise in July.
The UK economist of the Deutsche Bank, George Buckley said it would be a tough task to achieve the same pace of growth as it was in the first and second quarter of this year.
The ONS has said that there would be a chance of possible further gains in the industrial output as so many oil rigs came back to operation in the month of August. The oil and gas output rose by 0.8% in the month of July after facing a fall of 5.2% in the previous month.












