- Analytics
- News and Tools
- Market News
- UK industrial production rose 1% in February, exceeding forecasts
UK industrial production rose 1% in February, exceeding forecasts
According to the report from Office for National Statistics, monthly production increased by 1.0% in February 2021 meaning it was 3.5% below its level in February 2020, the last month of "normal" trading conditions prior to the coronavirus (COVID-19) pandemic. Economists had expected a 0.5% increase.
The increase in production was driven by increases of 1.3% in manufacturing, 1.4% in water supply and sewage, and 0.5% in electricity and gas; these were offset partially by a fall in mining and quarrying of 2.1%.
The 1.3% rise in manufacturing means it was 4.2% below its level in February 2020; the rise in manufacturing over the month was driven by higher output in 7 of the 13 manufacturing subsectors, the largest being a rise of 9% in manufacturing of computer, electronic and optical products.
Production output for the three months to February 2021 fell by 0.1% compared with the three months to November 2020.
Production output for the three months to February 2021 fell by 3.3% compared with the three months to February 2020.
© 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
