August 10, 2016
UK industrial output saw the largest quarterly increase in 17 years, new figures have revealed.
Industrial output increased 2.1% in the second quarter of 2016 compared with Q1, according to data from the Office of National Statistics (ONS).
Manufacturing provided the greatest contribution to this quarterly increase in output, which was up by 1.8%.
Total production is estimated to have seen a 1.6% year-on-year increase in June 2016. This was also the sixth consecutive increase since December 2015.
There were increases in all sectors, although the largest contribution in the month of June came from manufacturing – up by 0.9% on the same month in 2015.
However, despite these figures there were signs that growth was slowing in the quarter, with manufacturing decreasing 0.3% between May and June. This followed a 0.6% decrease in the previous month.
According to the report, GDP remained in line with expectations, increasing 2.1% in Q2. Despite a strong easing off of GDP in the run-up to the EU referendum, June saw an increase of 0.1%, up from the 0.6% decrease recorded in May.
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