British industrial output falls by 0.4% in June

GMT 01:24 2015 Friday ,07 August

Arab Today, arab today British industrial output falls by 0.4% in June

British industrial output falls
London - XINHUA

British industrial output decreased 0.4 percent in June 2015 compared with April 2014, with the largest contribution coming from the mining and quarrying sector, which dropped by 3.8 percent, data by the Office for National Statistics (ONS) showed Thursday.

Two out of the four main sectors saw outputs increase monthly in June, with manufacturing output rising by 0.2 percent.

Compared with June 2014, Britain's industrial output is estimated to have increased by 1.5 percent in June 2015, with three of its four main sectors increased. Manufacturing output increased by 0.5 percent on year-on-year basis in June.

Between the first quarter and the second quarter 2015, industrial output increased by 0.7 percent; but manufacturing, the largest component of industrial production, is estimated to have shrank by 0.3 percent between these periods, said ONS.

Martin Beck, senior economic adviser to the EY ITEM club, said in a note: "There is little reason to expect the picture to improve for manufacturers in the short-term. The PMI survey remained weak in July, while the strong pound will remain a key constraint."

However, the industrial sector's small weight means that this revision alone should not be enough to drag down the estimate of second quarter's GDP growth, he added.

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