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04.07.2016 14:20

Overview of expected economic data from UK

Industrial production

The indicator will be published on Thursday, July 7 at 08:30 GMT

In the first quarter, real GDP in Britain rose by a modest 2.0 percent year on year. The services sector has been the driving force of economic growth during this period, but industrial production fell. Recall that in April, the volume of industrial production advanced by 2 percent, while the growth of production in the manufacturing sector accelerated to 2.3 percent from 0.1 percent. On an annual basis, industrial output jumped by 1.6 percent, recorded the maximum increase in October. Experts point out that in May a report on industrial production is likely to confirm the imbalance with regards to economic growth in the 2nd quarter. It is expected that the production in the manufacturing industry, and the overall industrial production fell in May after a very strong performance in April.

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