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- UK industrial production down 1.3% on mining and quarrying downward pressure
UK industrial production down 1.3% on mining and quarrying downward pressure
In October 2016, total production is estimated to have decreased by 1.3% compared with September 2016. Mining and quarrying provided the largest downward pressure, due to ongoing maintenance reducing production in the oil and gas extraction industry. You should note that we always warn against overly interpreting 1 month's figures.
Manufacturing decreased by 0.9% on the month to October 2016, following an increase of 0.6% in the previous month. The decreases were broad-based across the sector, with the largest downward pressure coming from pharmaceuticals, which fell by 3.6%.
The month on same month a year ago picture shows a decrease in total production of 1.1% in October 2016 with decreases in 3 of the 4 main sectors. The largest downward contribution came from mining and quarrying, falling by 8.7%, mainly due to maintenance in the oil and gas industry in October 2016.
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