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U.K. June Production Data May Lead to Upward Revision to GDP

U.K. industrial output fell less than estimated in June, indicating the recession may not have been as deep in the second quarter as previously reported.

Production dropped 2.5 percent from May due to the extra public holiday for the queen’s Jubilee, the Office for National Statistics said today in London. That’s smaller than the drop estimated in the second-quarter gross-domestic-product data, and the ONS said today’s numbers may mean a 0.07 percentage point upward revision to the 0.7 percent GDP decline.