UK: Industrial Output Increases MoM

In FINANCE by 365reality0 Comments

Industrial Production in the United Kingdom increased 2.10 percent in July of 2016 over the same month in the previous year. Industrial Production in the United Kingdom averaged 0.83 percent from 1969 until 2016, reaching an all time high of 22.70 percent in February of 1973 and a record low of -12 percent in December of 1980. Industrial Production in the United Kingdom is reported by the Office for National Statistics.

UK Industrial output September 2016

 

In the United Kingdom, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 70 percent of total production. The biggest segments within Manufacturing are: Food, drink and tobacco (11 percent of total production); transport equipment (9 percent); basic metals (8 percent); other manufacturing and repair (6 percent); pharmaceutical products and preparations (6 percent); and rubber and plastic products and non-metallic mineral products (6 percent).

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Mining and quarrying account for 12 percent of production, as oil and gas extraction accounts for 10 percent. Electricity, gas, steam and air conditioning account for 11 percent of total output and water supply, sewerage and waste management account for 8 percent. This page provides the latest reported value for – United Kingdom Industrial Production – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Industrial Production – actual data, historical chart and calendar of releases – was last updated on September of 2016.

Source: http://www.tradingeconomics.com/united-kingdom/industrial-production

 

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