Industrial manufacturing within the UK grew 1.5% month-on-month in February, beating market forecasts, in accordance with official knowledge launched on Thursday.
This rebound adopted an upwardly revised fall of 0.5% in January, knowledge from the Office for National Statistics confirmed.
Markets had anticipated the determine to put up a rise of 0.1% in February
The rise in month-to-month output in February 2025 resulted from will increase in manufacturing (up 2.2%), electrical energy and fuel (up 2.0%), and water provide and sewerage (up 1.1%), it mentioned. These have been partially offset by a lower in mining and quarrying (down 3.0%).
The month-to-month improve in manufacturing output throughout February noticed will increase in 10 of its 13 subsectors, with six of these 10 subsectors having fallen throughout January.
“The largest positive contributions to manufacturing output in February 2025 came from ‘computer, electronic and optical products’ (up 9.8%), ‘basic pharmaceutical products’ (up 4.4%) and ‘transport equipment’ (up 1.8%),” it famous.
In the three months ending in February, manufacturing output climbed 0.7% in contrast with the three months to November 2024.
On an annual foundation, manufacturing rose 0.1% in February, regardless of market forecasts of a 2.3% contraction.
Source: www.anews.com.tr