United Kingdom: Industry improves in July
September 9, 2016
In July, industrial production expanded 0.1% over the previous month in seasonally-adjusted terms, which contrasted the flat reading recorded in June. The monthly acceleration reflected an improvement in mining and quarrying, which accelerated from a 1.6% increase in June to a 4.7% rise in July. Conversely, the manufacturing sector contracted 0.9%, which contrasted the 0.2% increase observed in the previous month.
Industrial production expanded 2.1% over the same month last year in July, which was up from the 1.4% increase seen in June. Annual average growth in industrial production inched up from 1.0% in June to 1.1% in July.
Author: Dirina Mançellari, Senior Economist