UK Industrial Production Remains Flat In October

Lloyd Doyle
December 8, 2017

THE UK's construction industry unexpectedly fell by 1.7 per cent month on month in October, according to the Office for National Statistics.

In a contrast of fortunes, Britain's buoyant manufacturing industry delivered another robust performance in October, expanding by 0.1% as the wider industrial production came in flat.

Factory output grew by 0.1% compared with September, and by 3.9% compared with October 2016, both slightly above the expectations of analysts polled by The Wall Street Journal, who predicted no monthly growth and an annual expansion of 3.8%.

On a yearly basis, industrial production growth accelerated to 3.6 percent from 2.5 percent in September. Production was expected to climb 3.5 percent.

The picture was also bleak for the three-month period to October, with output dropping by 1.4% following a 3% slide in fix and maintenance work. Economists had forecast a 3.8 percent rise.

The rise was driven by manufacturing output, which rose 3.9 per cent year on year, while vehicle production rose 4.6 per cent between September and October, despite the industry's representative body saying earlier this week that sales in the United Kingdom are a "major concern".

Another report from ONS showed that construction output declined 1.7 percent in October partly due to a 1.5 percent fall in all new work.

Other reports by Iphone Fresh

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