Market news
14.07.2020, 06:22

UK industrial production rose by 6% in May, as expected

Office for National Statistics said, in May 2020 the index of production remains 19.1% below February 2020, the previous month of "normal" trading conditions, prior to the coronavirus (COVID-19) pandemic.

Production output rose by 6.0% between April 2020 and May 2020, with manufacturing providing the largest upward contribution, rising by 8.4%, the largest month-on-month rise since February 1979 (9.5%); there were also rises from mining and quarrying (5.0%) and water and waste (0.5%), which was offset by a fall in electricity and gas (down by negative 2.5%).

The monthly increase of 8.4% in manufacturing output was led by rubber and plastic products (32.5%); of the 13 subsectors, 11 displayed upward contributions.

Total production output decreased by 15.5% for the three months to May 2020, compared with the three months to February 2020; this was led by manufacturing output, which fell by 18.0%.

The three-monthly fall in manufacturing is because of widespread weakness, with 12 of the 13 subsectors providing downward contributions; this was led by transport equipment which fell by 45.7%.

For the three months to May 2020, compared with the three months to May 2019, production output decreased by 17.0%; this was led by a fall in manufacturing of 19.9% where 12 of the 13 subsectors displayed downward contributions.

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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
Feedback
Live Chat E-mail
Up
Choose your language / location