British industrial output grew in the second quarter of year, according to new figures from the Office for National Statistics, becoming the latest in a string of positive economic figures since the EU referendum.

Second quarter industrial output in Britain grew 2.1 percent on the first quarter, the fastest growth rate since 1999. However, the data does highlight a slowing in industrial output throughout the quarter, with the rate in April at over 2 percent slowing to 0.1 percent in June.

In a separate report also released today the ONS showed a widening in the trade deficit over the same quarter, growing to £5.1 billion in June from £4.2 billion the month before. Imports are also set to reach a record high of nearly £49 billion.

09/08/2016