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UK's production output falls 0.2% MoM in November 2022: ONS

15 Jan '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

UK’s monthly production output declined by 0.2 per cent in November 2022, as compared to October 2022, according to the Office for National Statistics (ONS). The decrease in production output in November 2022 was mainly due to a decline in two of the four production sectors, with manufacturing falling by 0.5 per cent month-over-month (MOM).

The country’s production output in November 2022 was 2.5 per cent below February 2020, which was the last month of ‘normal’ trading conditions before the COVID-19 pandemic.

Manufacturing saw 6 of its 13 sub-sectors negatively contributing to growth during November 2022, as per ONS. Output remained below the February 2020 pre-coronavirus pandemic levels in the manufacturing (2.5 per cent below) sector.

UK’s production output for the three months to November 2022 declined by 1.4 per cent compared with the three months to August 2022, with manufacturing sector falling by 1.2 per cent.

ALCHEMPro News Desk (DP)

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