The third successive monthly fall in industrial production in August was a nasty surprise and there may be worse to come as auto firms slash output following the expiry of a government scheme to boost car sales. This has also overshadowed last month's surge in retail sales, which was led by vehicles. Housing starts at least were strong, confirming that the recovery in residential investment is back on track.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.