Industrial production in the UK exceeded forecasts in May

In May of this year, the Office for National Statistics recorded an increase in industrial production in the UK by 1.4% compared to April, when it fell by 2.9%. Forecast by economists suggested an increase of 1.5%. Compared with the same month a year earlier, the figure increased by 0.9%, while experts expected a rise of 1.2%. In April, a 1.1% decline in production was reported. The coal industry showed an increase of 9.3%. Oil and gas production increased by 1.2%. Manufacturing companies increased production by 1.4%, while in April they reduced the figure by 4.2%. Transportation equipment was produced by 12.4% more than in April, which was the highest figure since April 2005. Production volumes in electronics increased by 2.8%, while metal-working enterprises increased output by 2.6%. A decline in production was noted only in the pharmaceutical, food and textile industries.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: