FX & CFD trading involves significant risk
The Office for National Statistics (ONS) released its manufacturing industrial production figures for the U.K. on Thursday. Manufacturing production in the U.K. rose 0.2% in June, in line with expectations, after a 0.6% decrease in May.
Manufacturing output was driven by a rise in the manufacture of weapons and ammunition, which jumped 31.0%.
On a yearly basis, manufacturing production in the U.K. increased 0.5% in June, beating forecast of a 0.4% gain, after a 1.0% rise in May.
Industrial production in the U.K. dropped 0.4% in June, missing forecasts of a 0.1% rise, after a 0.3% gain in May. May's figure was revised down from 0.4% increase.
The decline in the industrial output was driven by a drop in oil and gas output. Oil and gas production plunged 5.8% in June, the biggest fall since January 2014.
On a yearly basis, industrial production in the U.K. gained 1.5% in June, missing expectations for a 2.2% rise, after a 1.9% increase in May. May's figure was revised down from 2.1% gain.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.