In June, industrial production remained flat over the previous month, below both the 0.8% increase tallied in May and market expectations of a 0.4% increase. In annual terms, industrial output dropped 0.3% over the same month last year (May: -0.9% year-on-year). Manufacturing production contracted 0.4% over the previous month in June after expanding 1.8% in May and came in well below market expectations of a moderate 0.3% increase. As a consequence of meagre growth, the trend continued on its downward trajectory, with average growth in industrial production edging down from 2.0% in May to 1.9% in June.
United Kingdom Industry
Industrial production stalls
August 9, 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.