UK Manufacturing Production

26th August 2019 / NewsBits

The sectors that contribute most to the U.K.’s GDP are services, manufacturing, construction, and tourism.

Manufacturing production in the United Kingdom declined 1.4% from a year earlier in June of 2019, after a revised 0.2% decrease in the previous month and compared with market expectations of a 1.1% fall.

It is the third straight monthly decline in manufacturing activity.

Production continued to fall for wood & paper products (-2.8% vs -3.1% in May); chemicals & chemical products (-1.3% vs -0.3%); basic pharmaceutical products (-3.8% vs -1.2%); machinery & equipment nes (-4.6% vs -5.1%); transport equipment (-2.8% vs -5.4%) and other (-4.1% vs -1.5%).

In addition, output declined for coke & refined petroleum products (-3.3% vs 4.1%); food, beverages & tobacco (-0.2% vs 1%); rubber & plastic products (-0.6% vs 2.2%) and basic metals & metal products (-1.8% vs 3.3%).

On a monthly basis, manufacturing production edged down 0.2%, after a 1.4% rise in May.

Manufacturing Production in the United Kingdom averaged 0.60 per cent from 1969 until 2019, reaching an all-time high of 19.60 per cent in February of 1973 and a record low of -16.90 per cent in December of 1980.


(Source – Trading Economics)


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