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U.K.Economy: 
UK Industrial Production Declines 0.5% in May
Author: 123jump.com Staff
123jump.com
Last Update: 8:54 AM EDT July 07 2008



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In the three months to May, the seasonally adjusted chained volume index for the output of the production industries fell by 0.5% compared with the previous three months. Between April and May output of the manufacturing industries fell by 0.5%.

 
The following is an unedited transcript of the news release from the Office for National Statistics.


In the three months to May, the seasonally adjusted chained volume index for the output of the production industries fell by 0.5% compared with the previous three months.

Between April and May output of the manufacturing industries fell by 0.5 per cent. There were widespread falls in manufacturing, with a significant decrease in output of 1.5 per cent in the machinery and equipment industries. There were no significant increases. In the latest three months, manufacturing output decreased by 0.2 per cent, mining and quarrying output decreased by 1.6 per cent and output of the electricity, gas and water supply industries decreased by 2.0 per cent, compared with the previous three months.

Mining and quarrying

In the latest three months, mining and quarrying output fell by 1.6 per cent compared with the previous three months and was 5.7 per cent lower than the same period a year ago. Between April and May, mining and quarrying output increased by 0.7 per cent with rises in oil and gas
production.

Manufacturing

Manufacturing output in the latest three months fell by 0.2 per cent compared with the previous three months. There was a significant decrease in output of 3.5 per cent in the other manufacturing industries not elsewhere specified. There were no significant increases. Manufacturing output in the latest three months was 0.1 per cent lower than the same period a year ago.

Electricity, gas and water supply

Output of the electricity, gas and water supply industries in the latest three months fell by 2.0 per cent compared with the previous three months. Between April and May, energy supply output decreased by 5.2 per cent. In the latest three months, output in this sector was 1.5 per cent higher compared with the same period a year ago.

Market sectors

In the latest three months, output of the consumer durable goods industries fell by 2.1 per cent compared with the previous three months and was 2.5 per cent lower than the same period a year ago. Output in the consumer non-durable goods industries fell by 0.3 per cent in the latest three months compared with the previous three months and was 0.6 per cent lower than the same period a year ago.

In the latest three months, output of the capital goods industries rose by 0.3 per cent compared with the previous three months and was 0.6 per cent higher than the same period a year ago. Output in the intermediate goods and energy industries fell by 0.9 per cent in the latest three months compared with the previous three months and was 0.8 per cent lower than the same period a year ago.


Available at:

http://www.statistics.gov.uk/pdfdir/iop0708.pdf
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