UK industrial production fell 0.7% in May from April, driven by 1.3% decline in manufacturing; year-over-year, production rose 2.3%: Office for National Statistics

LONDON , July 8, 2014 (press release) – Production output increased by 2.3% between May 2013 and May 2014. There were increases in two of the main sectors, with manufacturing being the largest contributor, increasing by 3.7%. Water supply, sewerage & waste management increased by 2.3%.
The main manufacturing components contributing to the increase between May 2013 and May 2014 were rubber, plastic & other non-metallic mineral products; transport equipment; and food products, beverages & tobacco.
Total production decreased by 0.7% between April 2014 and May 2014. Manufacturing was the largest contributor, decreasing by 1.3%.
The main contributors to the decrease in manufacturing were basic metals & metal products; basic pharmaceutical products & pharmaceutical preparations; and computer, electronic & optical products.
In the three months to May 2014, production and manufacturing were 11.3% and 7.2% respectively below their figures reached in the pre-downturn GDP peak in Q1 2008.
In this release, revised data have been incorporated from April 2014.

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