The data from the Office for National Statistics (ONS) revealed that UK's industrial production rose more than expected in June.
According to the data, the industrial output grew 0.5 percent m-o-m in June after being flat in May, exceeding economists' forecast for 0.1 percent m-o-m increase. The ONS said that the June rise in industrial production was mainly attributable to a 4.1 percent m-o-m surge in mining and quarrying due to an increased oil and gas production.
Meanwhile, manufacturing production remained unchanged m-o-m in June, in line with economists' forecast, after dropping 0.1 percent in May (revised from an initially reported 0.2 percent m-o-m fall).
In y-o-y terms, industrial production increased 0.3 percent in June, reversing a 0.2 percent decline in the previous month, while manufacturing output grew by 0.6 percent, accelerating from an upwardly revised 0.3 percent rise in May (originally 0.4 percent) and marking the biggest increase since March.