- Analytics
- News and Tools
- Market News
- UK industrial production increased less than forecast in May
UK industrial production increased less than forecast in May
According to the report from Office for National Statistics, production output rose by 1.4% between April 2019 and May 2019 due to rises from all four main sectors; the manufacturing sector provided the largest upward contribution, rising by 1.4%. Economists had expected a 1.5% increase of production output. Within manufacturing over half of the subsectors fell, so overall growth is due to transport equipment, which rose by 12.4%; this is the strongest rise since April 2005 and is a partial bounceback from the fall of 13.8% during April 2019.
Production output rose by 0.3% for the three months to May 2019, compared with the three months to February 2019, due to rises from all four main sectors, led by mining and quarrying (1.6%), and manufacturing (0.1%). The three-monthly increase in manufacturing is due mainly to widespread strength with 9 of the 13 subsectors increasing; however overall strength is partially offset by a strong fall of 4.6% from transport equipment.
For the three months to May 2019 compared with the same three months to May 2018, production output increased by 0.4%, with notable rises in manufacturing of 0.6% and mining and quarrying of 4.1%; partially offset by a fall of 3.7% from electricity and gas.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
