The UK's manufacturing output fell for the third consecutive month in April, according to official data released on Monday. Manufacturing production was down 1% in April, compared to the previous month, but it was up 0.5% on an annual basis, said the Office for National Statistics (ONS). While the market estimate for manufacturing output was a 0.2% increase on a monthly basis, it was expected to gain 1.8% from April 2021. Eight out of 13 sub-sectors saw contraction in April, the British statistical institute said in a statement. "The largest falls were in the other manufacturing and repair sub-sector, down 4.2%, which saw falls in all five industries in April 2020," the ONS said. "There was also a fall of 4.6% in the manufacture of computer, electronic and optical production, with widespread weakness seen in this sub-sector," it added. Industrial production in the UK also fell in April by contracting 0.6% from the previous month, coming against the market estimate of a 0.2% increase. On an annual basis, industrial output rose 0.7% in April, also coming lower than the market estimate of a 1.7% increase.
UK manufacturing output falls for 3rd consecutive month in April
Manufacturing production was down 1% in April, compared to the previous month, but it was up 0.5% on an annual basis.
13 Haziran 2022 Pazartesi 14:36