By Jason Douglas and Matthew Cowley
LONDON--British factory output rose at a weaker pace than expected in June, reflecting weak performances from oil and gas extraction and the manufacture of textiles, chemicals and plastics.
The Office for National Statistics said manufacturing output in June rose 0.3% on the month and was 1.9% higher than a year earlier. Overall industrial production rose 0.3% on the month in June, and was 1.2% higher than a year earlier.
Economists surveyed by The Wall Street Journal had forecast manufacturing output would rise 0.7% and industrial production 0.6% on the month in June.
Industrial production elsewhere in Europe has also been subdued in recent months, which economists say may reflect jitters over tensions in Ukraine and the Middle East.
The ONS added it cut its estimate for second-quarter industrial output following the latest data. The agency said it now estimates production expanded 0.3% between April and June, not 0.4% as it said previously. But officials said the revision wasn't large enough to affect overall economic growth in the quarter.
The economy expanded at an annualized pace of 3.2% in the second quarter and the International Monetary Fund expects the U.K. to be the fastest-growing advanced economy this year.
Write to Jason Douglas at email@example.com and Matthew Cowley at firstname.lastname@example.org
(END) Dow Jones Newswires
August 06, 2014 05:08 ET (09:08 GMT)
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