Economic Buzz: UK Production Output Falls By 1.8%

12 Oct 2022 , 04:04 PM

Monthly production output in the UK fell by 1.8% between July and August 2022 and is now 0.9% below February 2020, which was the last month of ?normal? trading conditions prior to the coronavirus (COVID-19) pandemic. The monthly fall in output resulted from a decline in three of the four production sectors, with mining and quarrying falling by 8.2%, manufacturing by 1.6% and electricity and gas by 0.6%; in contrast, water supply and sewerage remained flat at 0.0%. Production output for the three months to August 2022 fell by 1.5%, compared with the three months to May 2022; there were falls in three of the four production sectors, 2.7% in mining and quarrying, 2.2% in manufacturing and 0.7% in water supply and sewerage; in contrast, electricity and gas rose by 3.5%.Powered by Commodity Insights