The growth of industrial production in the UK exceeded forecasts in February

118468

In February, industrial production in the UK increased by 0.6% compared to January. According to the Office for National Statistics, its growth slowed slightly against the January rise of 0.6%, but turned out to be higher than the 0.1% increase predicted by economists. Economists also did not expect an annual growth rate of 0.1%. They assumed it to fall by 0.9%. The coal industry showed a decline in production by 11.1%. At the same time, an increase by 4% was recorded in the oil and gas industry. The volume of production in the manufacturing industry increased on a monthly basis by 0.9% and in annual terms - by 0.6%. Enterprises producing electronics showed the most significant monthly growth in production - by 2.9%. Production in the metallurgical industry grew by 1.6%. Light industry grew by 1.4%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: