Economic Buzz: UK Industrial Output Rebounds In June

UK industrial production climbed 0.4 percent month-on-month in June, reversing a 0.2 percent fall in May, data from the Office for National Statistics showed Friday. This was the first increase in four months. Output was expected to climb 0.3 percent. On the other hand, manufacturing rose at a slower pace of 0.4 percent after gaining 0.6 percent in May. On a yearly basis, growth in industrial output slowed slightly to 1.1 percent from 1.2 percent in May. At the same time, manufacturing output growth held steady at 1.5 percent.