• UK industrial production fell sharply in April

Noticias del mercado

10 junio 2019

UK industrial production fell sharply in April

According to the report from Office for National Statistics, production output fell by 2.7% between March 2019 and April 2019; the manufacturing sector provided the largest downward contribution, falling by 3.9%, its largest fall since June 2002 and the impact of Golden Jubilee shutdowns. Economists had expected a 0.7% decrease of industrial production and a 0.2% increase of manufacturing production.

In April 2019, transport equipment fell by 13.4%, the largest fall since January 1974, providing the largest downward contribution to the monthly decrease in manufacturing; within this subsector, motor vehicles, trailers and semi-trailers fell by a record 24.0% (records began in January 1995).

Production output rose by 0.7% for the three months to April 2019, compared with the three months to January 2019, due to rises from manufacturing (1.2%), and mining and quarrying (2.9%). The three-monthly increase in manufacturing is due mainly to rises of 5.5% from pharmaceuticals, and 2.6% from food products, beverages and tobacco.

For the three months to April 2019, production output increased by 0.2% compared with the same three months to April 2018; with notable rises in manufacturing of 1.0% and mining and quarrying of 5.0%, partially offset by a fall of 7.0% from electricity and gas.

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