UK factories pick up pace; BOE on track to up rates
Wed, Oct 11, 2017 - 5:50 AM
Manufacturing output in Britain rose by a monthly 0.4 per cent in August, matching July's pace. A fall in car production was more than offset by output of metal products and pharmaceuticals.
BRITISH factories had their strongest two months of 2017 in July and August, suggesting the Bank of England remains on track to raise interest rates soon, but the deficit in trade in goods hit an all-time high.