The United Kingdom’s industrial production fell by 3.1% in September, year-on-year, the country’s Office for National Statistics (ONS) said on Friday. Analysts heard by Wall Street Journal predicted a larger decline of 3.7%.
Compared to August, the country’s industrial production grew by 0.2% in September. The expectation of analysts, in this case, was an advance of 0.3%.
Only in the manufacturing sector, there was stability in September compared to August and a fall of 5.8% in the annual comparison. The projected for this segment was a decrease of 0.2% in the month and 6.5% compared to the same month of 2021.
The ONS also reported that August data had been revised. UK industrial production fell 1.4% from a month earlier and was down 4.3% year-on-year in August, according to the review, less negative than the 1.8% and 5.2% declines. , respectively, previously calculated.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
