Dubai – Mubasher: The UK industrial production rose 1% month-on-month in August, beating the estimated rebound to 0.3% from July’s 0.4% drop. On an annualised basis, the figure rose 1.9%, beating the estimated rebound to 1.2%, showed a report issued by the UK Office for National Statistics (ONS) on Wednesday.

Manufacturing output rose 0.5% against an estimate of 0.3%. The report showed the main manufacturing components contributing to the growth were the manufacture of transport equipment; the manufacture of basic metals & metal products; and the manufacture of food, beverages & tobacco.

In the 3 months to August 2015, production and manufacturing were 9.4% and 6.5% respectively below their figures reached in the pre-downturn GDP peak in Quarter 1 (Jan to Mar) 2008.