In December, industrial production expanded a seasonally adjusted 0.5% over the previous month, which contrasted a contraction of the same magnitude in November (previously reported: -0.6% month-on-month). Moreover, the healthy print overshot market expectations that had industrial output increasing only 0.2%. The expansion was mainly driven by a rebound in manufacturing, which swung from a 0.1% contraction in November (previously reported: -0.2% mom) to a vigorous 1.0% expansion in December. The reading was well above the 0.2% increase anticipated by the market. In addition, growth in electricity, gas and water supply jumped into positive territory for the first time in four months, while mining and quarrying declined for the second month in a row. On an annual basis, industrial production contracted 3.3% in December, which was slightly better than November's 3.6% drop. As a result, in the full year 2011 industrial output declined 1.3%, which contrasted the 1.9% expansion recorded in 2010.
United Kingdom Industry
Industrial production rebounds in December
February 15, 2012
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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
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October 3, 2016
In September, the manufacturing sector recovered the ground it had lost after the EU referendum.