UK Manufacturing Production Decline in December

Manufacturing

UK Manufacturing Production Decline in December

Total production output is estimated to have decreased by 0.5% between Quarter 3 (July to Sep) 2015 and Quarter 4 (Oct to Dec) 2015. This decrease was larger than the forecasted decrease of 0.2% contained within the Gross Domestic Product: Preliminary Estimate, Quarter 4 (Oct to Dec) 2015.

The largest contribution to the total production quarterly decrease came from mining & quarrying, which decreased by 2.3%, while manufacturing output remained unchanged during the same period.

Total production output is estimated to have increased by 1.0% between 2014 and 2015. Of the 4 main sectors, manufacturing output was the only one to fall, decreasing by 0.2%.

Total production output is estimated to have decreased by 0.4% in December 2015 compared with December 2014. The largest contribution to the fall came from manufacturing, which decreased by 1.7%.

Manufacturing output decreased by 0.2% in December 2015 compared with November 2015. The largest contribution to the decrease came from the manufacture of wood, paper products & printing, which decreased by 2.1%.

In Quarter 4 (Oct to Dec) 2015, production and manufacturing were 9.8% and 6.5% respectively below their figures reached in the pre-downturn GDP peak in Quarter 1 (Jan to Mar) 2008.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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