7/9, 8:02 AM (Source: TeleTrader)
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UK industrial production rises 0.8% in May

Production output in the United Kingdom increased by 0.8% in May compared to the month before, failing to meet the analysts' expectations, the Office for National Statistics stated in a report released on Friday.

The data showed that a 5.7% jump in electricity and gas, as well as the 3.8% increase in mining and quarrying, contributed the most to the monthly uptick. Meanwhile, manufacturing fell by 0.1% with lower output recorded in 5 of the 13 manufacturing subsectors.

May's figure came in 2.6% below the pre-pandemic level.

Breaking the News / BU