In the UK, industrial production unexpectedly fell by 2.5% M/M in August, as output in the manufacturing sector declined by 1.9% M/M, while mining and quarrying dropped by 7.3% M/M. The figures dashed market expectations for a third consecutive monthly increase. The sharp decline puts downward risks to Q3 GDP growth, as on a three-month basis industrial production is now down by 0.2%.