UK Industrial Production fell by 0.4%

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Friday, Mar 10 2017

UK Industrial Production fell by 0.4%

In the 3 months to January 2017, total production was estimated to have increased by 1.9%, with manufacturing providing the largest contribution increasing by 2.1%, its strongest growth since May 2010. The highly volatile pharmaceuticals sector provided the largest contribution to the manufacturing increase, along with smaller upwards contributions from a range of other manufacturing industries.

In January 2017, total production decreased by 0.4% compared with December 2016 with manufacturing providing the largest downward contribution, decreasing by 0.9%. The monthly decrease in manufacturing was largely due to a decrease in pharmaceuticals, falling by 13.5%, partially offset by increased manufacturing of transport equipment; pharmaceuticals can be highly erratic, with significant monthly changes, often due to the delivery of large contracts.

More in this category: « French Industrial Production unexpectedly down in January NFP beats market forecasts »

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