United Kingdom: Industrial production contracts again in September
November 8, 2016
In September, industrial production contracted 0.4% over the previous month in seasonally-adjusted terms, which matched the previous month’s figure. The monthly figure reflected a contraction in the mining and quarrying sector as well as in the oil and gas sector. Conversely, the manufacturing sector expanded 0.6%, which followed the previous month’s 0.2% increase.
Industrial production expanded 0.3% over the same month last year in September, which was down from the 0.7% increase seen in August and marked the lowest reading in six months. Annual average growth in industrial production inched down from 1.0% in August to 0.9% in September.
Author: Dirina Mançellari, Senior Economist