United Kingdom: Industrial production stagnates in September
Industrial production was flat in September over the prior month according to the Office for National Statistics, matching August’s revised figure (previously reported: +0.2% month-on-month). The result was driven by growth in the manufacturing sub-sector, which was offset by contractions in the electricity, gas, steam and air conditioning; water supply, sewerage and waste management; and mining and quarrying sub-sectors.
Industrial production was flat in annual terms in September, down from August’s revised 1.0% figure (previously reported: +1.3% year-on-year). Annual average growth in industrial production declined from 1.7% to 1.4%.