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U.K. industrial output posts largest gain in 4 years

by ChemOrbis Editorial Team -
  • 09/06/2016 (11:39)
According to media reports, industrial output in the U.K. posted the largest gain in the last four years in April. This gain was attributed to an increase in manufacturing.

Data from the Office for National Statistics (ONS) showed that industrial output rose 2% after a 0.3% increase in March. Economists’ projections had called for no change in a survey conducted by Bloomberg. Industrial output rose 2.3% in April on a yearly basis, the largest gain since July 2012.

The increase in manufacturing was driven by a stronger pharmaceuticals sector, which posted an 8.6% increase in exports

The data showed that gas and electricity production increased 3.9% in April while oil and gas extraction decreased 1.3% on the month. Industrial production increased 1.6% while manufacturing rose 0.8% on the year. Industrial output was up 0.7% and 0.1%, respectively, in the last three months.
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