Industrial production in the UK exceeded forecasts in May


In May of this year, the Office for National Statistics recorded an increase in industrial production in the UK by 1.4% compared to April, when it fell by 2.9%. Forecast by economists suggested an increase of 1.5%. Compared with the same month a year earlier, the figure increased by 0.9%, while experts expected a rise of 1.2%. In April, a 1.1% decline in production was reported. The coal industry showed an increase of 9.3%. Oil and gas production increased by 1.2%. Manufacturing companies increased production by 1.4%, while in April they reduced the figure by 4.2%. Transportation equipment was produced by 12.4% more than in April, which was the highest figure since April 2005. Production volumes in electronics increased by 2.8%, while metal-working enterprises increased output by 2.6%. A decline in production was noted only in the pharmaceutical, food and textile industries.

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