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%.
Samsung Display to end all LCD production in South Korea and China by end 202031.03.2020
Pandemic crisis to hit economic growth in Asia, China, World Bank says27.03.2020
Chinese industrial firms report steepest decline in profits in a decade26.03.2020
Worldwide smartphone sales drop 14% in February due to COVID-19 contagion