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| UK factory output rises 0.2% in July | UK factory output rises 0.2% in July |
| (35 minutes later) | |
| UK factories increased production in July, up 0.2% from the previous month, according the Office for National Statistics. | UK factories increased production in July, up 0.2% from the previous month, according the Office for National Statistics. |
| It is the latest piece of evidence showing that the UK economic recovery is gathering momentum. | It is the latest piece of evidence showing that the UK economic recovery is gathering momentum. |
| On Wednesday, a report showed that activity in the service sector hit a six-year high. | On Wednesday, a report showed that activity in the service sector hit a six-year high. |
| Many economists now think the Bank of England will have to start scaling back efforts to boost the economy. | Many economists now think the Bank of England will have to start scaling back efforts to boost the economy. |
| Industrial output, which includes energy production, was unchanged from June. Economists had been expecting a slight rise. | |
| Trade figures for July were also published on Friday and showed a sharp expansion in the deficit, which is the gap between exports and imports. | |
| The trade deficit in goods and services rose to £3.085bn in July, more than double the level in June. | |
| The deterioration was partly due to a plunge in exports to countries outside the European Union, which fell 16% - the biggest monthly fall in more than four years. |