UK Manufacturing Up, Inflation Expectations Down

More good news for the UK, as manufacturing continues to improve and inflation expectations drop, giving the Band of England some much-needed breathing room. While down from June’s impressive 2.0 percent month-on-month increase in manufacturing output, the UK added another 0.2 percent in July, and analysts are expecting strong third quarter results. “This is in line with expectations but it is impressive nevertheless because it follows such an outsize gain the previous month,” says Societe Generale analyst Brian Hilliard. There are also signs of strong gains in August, though no hard numbers as of yet. Industrial production was flat, mining…