Market news
12.03.2021, 07:30

UK industrial production fell sharply in January

According to the report from Office for National Statistics, monthly production fell by 1.5% in January 2021 meaning it was 5.0% below its level in February 2020, the last month of "normal" trading conditions prior to the coronavirus (COVID-19) pandemic. Economists had expected a 0.6% decrease.

The decline in production was driven by falls of 2.3% in manufacturing and 0.7% in mining and quarrying; these were offset partially by a rise of 0.9% in electricity and gas and 1.2% in water supply and sewage.

The 2.3% fall in manufacturing means it was 5.7% below its level in February 2020; the fall in manufacturing over the month was driven by lower output in 9 of the 13 manufacturing subsectors, the largest being the fall in manufacturing of transport equipment.

Production output for the three months to January 2021 grew by 0.7% compared with the three months to October 2020.

Production output for the three months to January 2021 fell by 4.1% compared with the three months to January 2020.

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

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 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

Live Chat E-mail
Choose your language / location