Britain on the 5th National Bureau of Statistics announced that the second quarter of this year the British manufacturing output fell 0.8 percent the first quarter. British economic growth is another sign of slowing down.
National Bureau of Statistics, the British manufacturing industry has declined for four consecutive months, it has the potential to lead Britain's second-quarter economic growth rate decreased 0.06 percentage points. According to the earlier forecast second-quarter British economic growth of 0.2%.
The second quarter, the British food, beverage and tobacco industry output value than the first quarter decreased 1.6 percent, water, electricity and gas sector output fell 1.9 percent, mining output increased 0.6 percent.
In addition, in July this year, the British services sector index for the 47.4, although a slight increase from the previous month, but still below the 50 demarcation point that service activities are still in contraction.
Analysts here said that while the United Kingdom in the manufacturing and service industries continue to decline, but the Bank of England rate cut unlikely, because the current inflation level much higher than the central bank's 2 percent target. Bank of England is expected this week will maintain 5 percent of the benchmark interest rate unchanged.