In November, industrial production contracted a seasonally adjusted 0.6% over the previous month, which marked the second consecutive monthly drop after a revised 1.0% contraction in October (previously reported: -0.7% month-on-month). The print undershot market expectations that had industrial output falling 0.1%. Output in the manufacturing sector also declined for the second month in a row, posting a 0.2% contraction over the previous month. The reading, nevertheless, marked an improvement over the 0.9% decline tallied in October and was in line with market expectations. On an annual basis, industrial production contracted 3.1%, which was down from the 2.1% drop seen in October. As a result, the trend continued to point downward, with annual average growth in industrial production falling from a flat reading in October to minus 0.5% in November.
United Kingdom Industry
Industrial output contracts for a second month in November
January 12, 2012
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United Kingdom Economic News
October 18, 2016
In September, consumer prices increased 0.2% from the previous month, which came in below the 0.3% increase seen in the previous month.
October 8, 2016
In August, industrial production contracted 0.4% over the previous month in seasonally-adjusted terms, which contrasted the 0.1% increase recorded in July.
October 3, 2016
In September, the manufacturing sector recovered the ground it had lost after the EU referendum.
September 30, 2016
In September, home prices in the United Kingdom rose 0.3% over the previous month, which was below the 0.6% increase seen in August that had marked the highest reading in five months, according to the Nationwide Building Society (NBS).
United Kingdom: BoE keeps the Bank Rate unchanged in September and signals more policy easing later this year
September 15, 2016
At its meeting on 15 September, the Monetary Policy Committee (MPC) of the Bank of England (BoE) voted unanimously to keep the Bank Rate unchanged at 0.25%.