Friday April 10, 2020

UK industrial production barely grew in June

The data suggest caution was taking hold in the run-up to the Brexit referendum

9th August, 2016
UK industrial production rose by 0.1 per cent in June

UK industrial production barely grew in June as the economy lost momentum before the Brexit referendum.

Output rose 0.1 per cent following a 0.6 per cent drop in May, the UK Office for National Statistics said. Manufacturing declined for a second month.

While economic growth accelerated to 0.6 per cent in the second quarter, the improvement was heavily centred on April. Caution was taking hold in the run-up to the June 23 vote and surveys show the...

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