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- UK industrial production increased moderately in January
UK industrial production increased moderately in January
Office for National Statistics said, production output rose by 0.6% between December 2018 and January 2019; the manufacturing sector provided the largest upward contribution, rising by 0.8%, its first monthly rise since June 2018.
In January 2019, the monthly increase in manufacturing output was due to rises in 8 of the 13 subsectors and follows a 0.7% fall in December 2018; the largest upward contribution came from pharmaceuticals, which rose by 5.7%.
Production output fell by 0.8% in the three months to January 2019, compared with the three months to October 2018, due to falls in three main sectors. The three-monthly decrease of 0.7% in manufacturing is due mainly to large falls of 4.0% from basic metals and metal products and 2.0% from transport equipment.
In the three months to January 2019, production output decreased by 1.0% compared with the same three months to January 2018; driven by a fall of 1.5% from manufacturing.
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