• UK industrial production grew more than expected in February

Notícias do Mercado

10 abril 2019

UK industrial production grew more than expected in February

Office for National Statistics said, production output rose by 0.2% in the three months to February 2019, compared with the three months to November 2018, due to rises from manufacturing, and mining and quarrying.

The three-monthly increase of 0.4% in manufacturing is due mainly to rises of 2.5% from pharmaceuticals and 1.1% from food, beverages and tobacco.

Production output rose by 0.6% between January 2019 and February 2019. Economists had expected a 0.1% increase. The manufacturing sector provided the largest upward contribution, rising by 0.9%, its second consecutive monthly rise.

In February 2019, the monthly increase in manufacturing output was due to rises in 11 of the 13 subsectors and follows a 1.1% rise in January 2019; the largest upward contribution came from basic metals, which rose by 1.6%.

In the three months to February 2019, production output decreased by 0.2% compared with the same three months to February 2018; driven by falls of 0.6% from manufacturing and 3.2% from electricity and gas.

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