RSS   Newsletter   Contact   Advertise with us
Post Online Media
Britain   Industrial production fell 0.4%

UK industrial production unexpectedly drops in August

UK industrial productionUK industrial production unexpectedly declined in August, while manufacturing production rose less than expected, according to data from the Office for National Statistics.

Industrial production fell 0.4% on the month versus expectations of a 0.1% increase. The ONS highlighted drops in two of the four main sectors, with the largest contribution from mining and quarrying, which slid 3.7%.

Article continues below

READ MORE French industrial production falls unexpectedly in October

On the year, it rose 0.7%, which was less than the 1.3% jump forecast. There were increases in two of the four main sectors, with the biggest contribution coming from water supply, sewerage and waste management output, which was up 7%.

Meanwhile, manufacturing production was up 0.2% on the month compared to expectations of a 0.4% increase. It rose 0.5% on the year, missing expectations of a 0.8% gain. Other manufacturing and repair were the biggest contributors to growth, up 5.9%.




What to read next





More inside POST
 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy