• UK industrial production unexpectedly fell in November

Market news

15 January 2021

UK industrial production unexpectedly fell in November

According to the report from Office for National Statistics, production output fell by 0.1% between October 2020 and November 2020, with falls of 3.4% in mining and quarrying, 2.3% in electricity and gas and 0.4% in water and waste; this was offset by a rise in manufacturing of 0.7%. Economists had expected a 0.5% increase.

In November 2020 production output was 4.7% below February 2020, the previous month of "normal" trading conditions, prior to the coronavirus (COVID-19) pandemic.

The monthly increase of 0.7% in manufacturing output was led by manufacturing of transport equipment; 8 of the 13 subsectors displayed upward contributions.

Total production output increased by 4.7% for the three months to November 2020, compared with the three months to August 2020; this was because of weak output in June 2020.

For the three months to November 2020, compared with the three months to November 2019, production output decreased by 5.6%; this was led by a fall in manufacturing of 5.5%.

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