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UK industrial production rises, construction output declines in June


According to Market Intelligence, February 2023


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UK industrial production rises, construction output declines in June

U.K. industrial production recovered in June while construction output contracted for the third consecutive month, the Office for National Statistics reported.

Total production increased by 0.5% in June from a 0.1% decline in May as mining and quarrying activity rose 4.1% as a result of higher oil and gas production.

June energy supply fell by 0.9% as a result of a decline in gas supply. Manufacturing growth was flat month over month, with transport equipment providing the biggest downward contribution, the statistical agency said.

Year over year, industrial output increased by 0.3% in June. Manufacturing activity increased at an annual rate of 0.6% and energy supply fell 4.6%.

Total production declined by 0.4% in the three months to June compared with the three months to March. Manufacturing activity dropped 0.6% over the quarter.

Separately, the statistical agency reported that June construction output fell by 0.1% from May, when output dropped at a revised rate of 0.4%. Construction output declined at a revised quarterly rate of 1.3%, but grew 0.9% annually.