UK manufacturing output fell in June

The UK manufacturing production grew by a mere 0.2% in June. The key points include:

• Total production output is estimated to have increased by 0.7% between Quarter 1 (Jan to Mar) 2015 and Quarter 2 (Apr to June) 2015. Manufacturing, the largest component of production, is estimated to have decreased by 0.3% between these periods.
• The largest contribution to the quarterly growth came from mining & quarrying, which increased by 6.3%, the highest since Quarter 4 (Oct to Dec) 1993.
• Total production output is estimated to have increased by 1.5% in June 2015 compared with June 2014. There were increases in 3 of its 4 main sectors, with the largest contribution coming from mining & quarrying, which increased by 6.3%.
• Manufacturing output increased by 0.5% in June 2015 compared with June 2014. The largest contribution to the increase came from the manufacture of transport equipment, which increased by 7.2%.
• Total production output is estimated to have decreased by 0.4% in June 2015 compared with May 2015. There were decreases in 2 of the 4 main sectors, with the largest contribution coming from mining & quarrying, which decreased by 3.8%.
• Manufacturing output increased by 0.2% in June 2015 compared with May 2015. The largest contribution to the increase came from the manufacture of basic metals & metal products, which increased by 4.9%.
• In the 3 months to June 2015, production and manufacturing were 9.2% and 4.8% respectively below their figures reached in the pre-downturn GDP peak in Quarter 1 (Jan to Mar) 2008.
• The preliminary estimate of GDP, published on 28 July 2015, contained an estimated increase of 1.0% for production in Quarter 2 (Apr to June) 2015. This release of data estimates that production increased by 0.7% between Quarter 1 (Jan to Mar) 2015 and Quarter 2 (Apr to June) 2015. The impact on the previously published GDP estimate for Quarter 2 (Apr to June) 2015 is less than 0.1 percentage points.

The full report can be found here. Reuters also has a write up on the industrial output.