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UK manufacturing output logs biggest fall in year

Staff Writer | September 9, 2016
The British manufacturing sector registered the biggest contraction in output in a year in July, while overall industrial production managed to expand on oil and gas extraction.
UK manufacturing
Britain   Economists had expected output to drop moderately
Manufacturing output shrank 0.9 percent in July from June on a sharp decline in pharmaceutical production, data from the Office for National Statistics showed Wednesday. Economists had expected output to drop moderately by 0.3 percent after easing 0.2 percent in June.

Nonetheless, industrial output gained 0.1 percent month-on-month in July after staying flat in June as the decline in manufacturing was negated by a rise in oil and gas.

The monthly increase was in contrast to a 0.2 percent fall economists had expected. Mining and quarrying output grew 4.7 percent.


 

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