UK's industrial production up 0.6% in December - Breaking The News

UK's industrial production up 0.6% in December

15 February

1 min read

EPA/MIKE SCOTT

Production output in the United Kingdom increased by 0.6% in December compared to the previous month, the Office for National Statistics revealed in a report on Thursday. On an annual level, the reading rose by 0.6%.

The main contributors to the monthly rise were manufacturing, which added 0.8%, and Electricity, gas, steam and air conditioning supply, which grew 1.1%. On the other hand, mining and quarrying output dropped by 1.8%, while water supply and sewerage declined by 0.4%.

In the three months to December 2023, production output dropped 1% compared to the previous three-month period.

data industrial production

US goods trade deficit rises to $140.5B in March

22 minutes ago

The goods and services trade deficit in the United States rose by 14% from the prior month to stand at $140.5 billion in March, the Census Bureau and the Bureau of Economic Analysis (BEA) revealed in the report released on Tuesday.In the reported month, exports climbed by 0.2% or $0.5 billion compared to the previous month to reach $278.5 billion, while imports were up by 4.4% or $17.8 billion to $419 billion.On an annual basis, the goods and services deficit...

Canada's trade deficit narrows in March

23 minutes ago

Canada's goods and services trade deficit stood at 942 million Canadian dollars (approximately $682 million) in March, narrowing from a deficit of 2.1 billion Canadian dollars observed in February, Statistics Canada said in a report on Tuesday.Exports of goods and services fell 0.1% to 87.6 billion Canadian dollars, while imports declined 1.3% to 88.5 billion Canadian dollars.The country's goods trade deficit improved from 1.4 billion Canadian dollars in February to 506...

Eurozone producer prices down 1.6% in March

4 hours ago

The producer price index (PPI) declined by 1.6% in both the Eurozone and the European Union in March compared to the previous month, according to a preliminary report by Eurostat published on Tuesday. On an annual basis, the producer prices rose by 1.9% in the euro area and by 2.1% in the EU.In the Eurozone, the largest monthly decrease was observed in the producer prices for energy by 5.8%, while the prices increased for capital goods by 0.1%, for...

UK service sector activity softens in April

4 hours ago

The United Kingdom's service sector experienced a slowdown in April, with the services PMI landing at 49.0, down from 52.5 in March, according to a report by S&P Global on Thursday. The decline in new business and employment caused the figure to fall to its lowest since January 2023. The composite Purchasing Managers' Index (PMI) fell from 51.5 in March to 48.5 in April."UK service sector output slipped into contraction for the first time in...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.