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Uk Industrial Output In Smaller-Than-Expected Rise

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http://www.bbc.co.uk/news/business-28676449

The UK's industrial and manufacturing output moved back into growth in June after falling by 1.3% in May.

But the rise, a smaller-than-expected 0.3%, indicates once again that the economy is still being mostly dominated by the services sector.

The Office for National Statistics figures also showed that over 12 months, industrial output was up 1.2%.

Last week, a survey by Markit showed manufacturing grew at its slowest pace in a year in July.

Strong pound

"The absence of a bigger rebound from May's 1.3% monthly decline appears to have raised further questions about whether the UK manufacturing sector could be headed to a more moderate growth path," said a note from Investec Economics.

Business is booming in our manufacturing led recovery!

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Fits in with the idea of there being two economies in play - a Central Bank provided liquidity-lead financial sector-based economy which appears to be booming, thanks to 'free' money ... and a real, productive economy which is struggling.

Of course, the media tells us about rising stock markets and house price increases but doesn't have so much to say about stagnant wages, the shift from full to part time jobs and general low productivity.

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Fits in with the idea of there being two economies in play - a Central Bank provided liquidity-lead financial sector-based economy which appears to be booming, thanks to 'free' money ... and a real, productive economy which is struggling.

Of course, the media tells us about rising stock markets and house price increases but doesn't have so much to say about stagnant wages, the shift from full to part time jobs and general low productivity.

The service sector needs real wealth generation to live off. Without it collapse is inevitable

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