United Kingdom: Industry rebounds in January
March 9, 2016
In January, industrial production expanded 0.3% over the previous month in seasonally-adjusted terms, which contrasted the 1.1% decrease seen in December, and marked a five-month high. Manufacturing increased 0.7% in January, which contrasted the previous month’s 0.3% drop. The monthly increase reflected contractions in mining and quarrying as well as in oil, gas and electricity.
Industrial production expanded 0.2% over the same month of the previous year, which contrasted the 0.2% decrease recorded in December. Annual average growth in industrial production inched down from 1.0% in December to 0.9% in January.
Author: Dirina Mançellari, Senior Economist