U.K. manufacturing output to rise again

The U.K. manufacturing output is scheduled to release on 9th September. The country's output fell by a total of 1% between March and May before recovering by a modest 0.2% in June. There was a significant weakening of the manufacturing PMI in the period immediately preceding that but it then stabilised at a level consistent with modestly positive output growth. 

That helps to explain why a bounce in output occurred in June, as a result, a further increase of 0.2% mom in July is expected, said Societe Generale in a research note.