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- U.K. manufacturing production rises 0.5% in August, while industrial production climbs 1.0%
U.K. manufacturing production rises 0.5% in August, while industrial production climbs 1.0%
The Office for National Statistics (ONS) released its manufacturing industrial production figures for the U.K. on Wednesday. Manufacturing production in the U.K. rose 0.5% in August, exceeding expectations for a 0.3% gain, after a 0.7% decrease in July. July's figure was revised up from a 0.8% drop.
Manufacturing output was driven by a rise in the vehicle production.
On a yearly basis, manufacturing production in the U.K. decreased 0.8% in August, missing forecast of a 0.1% fall, after a 1.2% drop in July. July's figure was revised down from a 0.5% decrease.
Industrial production in the U.K. climbed 1.0% in August, beating forecasts of a 0.3% rise, after a 0.3% fall in July. July's figure was revised up from a 0.4% decline.
On a yearly basis, industrial production in the U.K. gained 1.9% in August, exceeding expectations for a 1.2% rise, after a 0.7% increase in July. July's figure was revised down from a 0.8% rise.
The increase was driven by adjustments in the ONS calculations. The extraction industry in the British North Sea was working at full capacity after shutdowns and maintenance work in July. A small increase in gas production also supported the industrial production.
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