UK industrial production rose 0.6% in January

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The UK recorded industrial production growth of 0.6% in January against a decline of 0.5% in December, data from the Office for National Statistics showed. Economists had predicted an increase in the monthly index by 0.2%. In annual terms, there was a decline in industrial production by 0.9%, with a 1.3% drop expected by experts. The most significant growth was observed in the coal industry, its figure jumped by 20.9%. At the same time, the manufacturing industry noted an increase in output relative to the previous month for the first time since June 2018. Its rate rose by 0.8%. Compared with January 2018, production in this area fell by 1.1%. Production in the pharmaceutical industry in the first month of the year increased by 5.7%. In electronics, the growth rate was 1.8%.

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