Home breadcru News breadcru Industrial breadcru UK monthly production output rises by estimated 1.8% in June

UK monthly production output rises by estimated 1.8% in June

13 Aug '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • UK monthly production output rose by an estimated 1.8 per cent in June—the strongest monthly growth to the index of production since August 2020, following an unrevised fall of 0.6 per cent in May.
  • Monthly manufacturing output rose by 2.4 per cent—the strongest monthly rise since November 2020.
  • Eleven of its 13 sub-sectors positively contributed to growth in June.
UK monthly production output is estimated to have risen by 1.8 per cent in June—the strongest monthly growth to the index of production (IoP) since August 2020 (1.9 per cent), following an unrevised fall of 0.6 per cent in May this year, according to the Office of National Statistics (ONS).

The monthly increase resulted from a rise in two of the four production sectors, with manufacturing being the main positive contributor (1.7 percentage points).

Monthly manufacturing output increased by 2.4 per cent, the strongest monthly rise since November 2020 (2.5 per cent), and saw 11 of its 13 sub-sectors positively contributing to growth during June this year.

Monthly production output in the United Kingdom was 1.7 per cent above February 2020, the last month of ‘normal’ trading conditions before the COVID-19 pandemic.

Manufacturing was above its February 2020 levels by 3.9 per cent in June.

Production output growth for the second quarter (Q2) this year rose by 0.7 per cent compared with Q1, showing the strongest quarterly growth since Q4 2020 (4.1 per cent). Growth came primarily from manufacturing.

ALCHEMPro News Desk (DS)

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