News Story

UK Manufacturing Production Rises in January

- Output in the UK manufacturing sector grew 0.1% in January, according to figures published on Friday by the Office for National Statistics (ONS).

Economists had forecast a rise of 0.2%

The sector grew by 0.3% in December.

Industrial production grew 1.3% in January, compared with the previous month, below the consensus forecast for a gain of 1.5%.

December’s reading showed a decline of 1.3%.

On an annualized basis, manufacturing production rose 2.7% in January.

That compared to the forecast for a gain of 2.8%.

In December, manufacturing production rose 1.4% year-on-year.

Year-on-year, industrial production rose 1.6% in January.

Analysts were looking for a 1.8% advance.

The reading came after a 2.6% rise in December.

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