UK industrial production increases by 0.4% in June

Economy 8/10/2018, 10:32 AM
UK industrial production increases by 0.4% in June

Industrial production in the United Kingdom increased by 0.4% in June compared to the previous month, the Office for National Statistics said in a report released on Tuesday. The increase was mainly driven by growth in manufacturing of 0.4%, as well as water and waste of 1.6%.The increase in manufacturing in June was driven by the growth in seven out of 13 sub-sectors, among which are pharmaceuticals (4.5%), rubber and plastic products (3%), and basic metal and metal products (1.3%).

As for the quarterly data, the index of UK production declined by 0.8% in the second quarter of 2018 compared to the previous 3-month period. The decrease was due to a 0.9% fall in manufacturing and a decrease in energy supply by 2.7%.

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