In July, industrial production declined a seasonally adjusted 0.2% over the previous month, contrasting the flat reading tallied in June and market expectations that had industrial output unchanged over June. In annual terms, industrial output dropped 0.7% over the same month last year (June: -0.3% year-on-year). That said, in July, manufacturing production rebounded from a 0.4% decline in June and added 0.1% over the previous month. Market participants had expected manufacturing output to stall in July. As a consequence of weak industrial production figures, the trend continued its downward trajectory, with annual average growth in industrial production edging down from 1.9% in June to 1.7% in July.
United Kingdom Industry
Industrial production slips as economic recovery struggles
September 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.