United Kingdom Industry

United Kingdom

Industrial production expands for second month in a row

In December, industrial production rose a seasonally adjusted 1.1% over the previous month. The reading represents the second consecutive monthly increase, following the revised 0.2% rise seen in November (previously reported: +0.3% month-on-month), as well as the fastest expansion in five months. In addition, the print overshot market expectations, which had industrial output rising 0.9%.

The stronger pace was mostly underpinned by a rebound in manufacturing production, which swung from a 0.3% mom seasonally-adjusted contraction in November to a robust 1.6% expansion in December, beating market expectations of a 0.8% rise. Meanwhile, output in the mining and quarrying sector moderated the pace in December, but remained in positive territory.

Overall in 2012, industrial production dropped 2.4%, which marked a deterioration compared to the 0.7% contraction seen in 2011


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United Kingdom Industry Chart

United Kingdom Industry December 2012

Note: Month-on-month seasonally adjusted and year-on-year variation in %.
Source: Office for National Statistics (ONS).

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