https://sputnikglobe.com/20230713/uks-industrial-production-in-may-down-06-on-april-1111847371.html

UK Sees Monthly Industrial Production Decline of 0.6% in May

UK Sees Monthly Industrial Production Decline of 0.6% in May

Sputnik International

he United Kingdom's industrial production decreased by 0.6% in May compared to April, the UK Office for National Statistics said on Thursday.

2023-07-13T07:39+0000

2023-07-13T07:39+0000

2023-07-13T08:27+0000

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"Monthly production output is estimated to have fallen 0.6% in May 2023; this follows a fall of 0.2% (revised up from a fall of 0.3%) in April 2023," the ONS said. The decline affected three out of four production sectors, driven by a two-percent drop in electricity and gas, a 1.7-percent slump in water supply and sewage and a 0.2-percent dip in manufacturing, not remedied by the 0.3-percent growth in mining, the office said. In annual terms, May's industrial production fell by 2.3% in line with expectations. "Monthly manufacturing output decreased by 0.2% and saw 8 of its 13 sub-sectors negatively contributing to growth during May 2023," the statement read. The year-on-year the figure shrank 1.2%, though a 1.7-percent decline was expected.

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