In May, industrial production increased a seasonally adjusted 0.9% over the previous month, contrasting the 1.7% fall observed in April and virtually matched market expectations that had production rising 1.0%. In annual terms, industrial output dropped 0.8% over the same month last year (April: -1.2% year-on-year). A rebound in industrial output in May was due to a base effect, as in April production was affected by extra public holidays related to the Royal Wedding as well as supply chain disruptions caused by the Japanese earthquake. As a result, manufacturing production added 1.8% in May (April: -1.6% mom) and came in well above market expectations of a more moderate 1.0% rise. Despite the rebound in output, the trend continued on its downward trajectory, with average growth in industrial production falling from 2.3% in April to 2.0% in May.
United Kingdom Industry
Industrial production rebounds
July 7, 2011
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United Kingdom Economic News
October 21, 2016
Following nearly four months of little or no news regarding formal negotiations with the European Union, in early October, Prime Minister Theresa May finally shed some light on the Brexit timeline and announced that Article 50 of the Lisbon Treaty will likely be triggered before the end of March 2017.
October 19, 2016
In September, jobless claims increased by 700 from the previous month, according to the Office for National Statistics (ONS).
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.