UK Industrial Output Recovers In June

LONDON (Alliance News) - UK industrial production expanded in June after falling for three ...

Alliance News 10 August, 2018 | 10:54AM
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LONDON (Alliance News) - UK industrial production expanded in June after falling for three straight months, data from the Office for National Statistics showed Friday.

Industrial production climbed 0.4% month-on-month, reversing a 0.2% fall in May. This was the first increase in four months. Output was expected to climb 0.3%.

On the other hand, manufacturing rose at a slower pace of 0.4% after gaining 0.6% in May. Economists had forecast a 0.3% rise for June.

On a yearly basis, growth in industrial output slowed slightly to 1.1% from 1.2% in May. At the same time, manufacturing output growth held steady at 1.5%.

Economists had forecast industrial output to climb 0.7% and manufacturing to rise 1% in June.

According to monthly GDP estimate, the economy grew only 0.1% in June, slower than the 0.3% rise seen in May.

The index of services remained flat in June, while farm output contracted 0.2% in June. At the same time, growth in construction came in at 1.4%, but slower than the 2.9% increase in May.

Copyright RTT News/dpa-AFX

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