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6 Aug 2015
UK industrial production unexpectedly dropped in June
FXStreet (Mumbai) - The UK Office for National Statistics (ONS) data released on Thursday showed the industrial production unexpectedly contracted 0.4%, beating the estimated slowdown to 0.1% from May’s 0.4%. Manufacturing production matched estimates to rise 0.2% in June from 0.6% drop in May.
The ONS report says, “the total production is estimated to have increased by 1.5% in June 2015 compared with June 2014. There were increases in 3 of its 4 main sectors, with the largest contribution coming from mining & quarrying, which increased by 6.3%.”
Manufacturing production matched estimates to rise 0.2% in June from 0.6% drop in May. The largest contribution to the increase came from the manufacture of basic metals & metal products, which increased by 4.9%.
The ONS report says, “the total production is estimated to have increased by 1.5% in June 2015 compared with June 2014. There were increases in 3 of its 4 main sectors, with the largest contribution coming from mining & quarrying, which increased by 6.3%.”
Manufacturing production matched estimates to rise 0.2% in June from 0.6% drop in May. The largest contribution to the increase came from the manufacture of basic metals & metal products, which increased by 4.9%.