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UK Industrial Production fell by 0.5%

Thursday, May 11 2017
UK Industrial Production fell by 0.5%

The Index of Production for Quarter 1 (Jan to Mar) 2017 was estimated to have increased by 0.1%. Increases of 0.3% in manufacturing and 1.8% in mining and quarrying were offset by a fall of 4.3% in energy supply. In March 2017, total production decreased by 0.5% compared with February 2017, due to falls of 4.2% in energy supply and 0.6% in manufacturing.

Basic metals and metal products provided the largest downward pressure on manufacturing in March 2017, while warmer-than-average temperatures led to a decrease in energy supply. Total production output for March 2017 compared with March 2016 increased by 1.4%, with growth in three of the four main sectors, with manufacturing providing the largest contribution, increasing by 2.3%.

More in this category: « Crude inventories drop sharply, as imports decline - EIA Bank of England cuts UK growth forecast, rates unchanged »

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