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United Kingdom Industry January 2020

United Kingdom: Industrial production declines in January

Industrial production fell 0.1% in January compared to the prior month, contrasting December’s 0.1% increase. January’s reading was driven by lower electricity and gas output due to warmer-than-usual temperatures.

In annual terms, industrial production fell 2.9% in January, following December’s 1.8% decline.

Looking ahead, Covid-19 will likely weigh heavily on industrial output in the near term due to the UK’s current lockdown and weaker external demand.

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