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United Kingdom Industry June 2021

United Kingdom: Industrial output dips in June

Industrial output decreased 0.7% month-on-month in seasonally-adjusted terms in June (May: +0.6% mom). Looking at the details of the release, manufacturing production gained traction in June, while electricity, gas, steam and air conditioning supply output swung to contraction.

On an annual basis, industrial output rose at a more moderate pace of 8.3% in June (May: +20.7% yoy). Meanwhile, the trend improved notably, with the annual average growth of industrial production coming in at plus 2.2% in June, up from May’s 0.5%.

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