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7/7/2017, 10:31 AM (Source: TeleTrader)
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UK industrial production down by 0.2% in May

Industrial production in the United Kingdom declined 0.2% in May, compared to the same period last year and marked a month-on-month decrease of 0.1%, according to data released by the Office for National Statistics on Friday.

Annually, energy supply contributed most to the fall as it dropped 4.2% in May. On the other hand, manufacturing production rose by 0.4% compared to May 2016.

The monthly decline was attributed to decreases in manufacturing and energy supply, which were down by 0.2% and 0.8% compared to April, respectively.

The index of production for the quarter to May is was down 1.2% from the three months to February, while it edged up 0.1% compared to the same quarter in 2016.

Breaking the News / NP