-
Index of Production, UK: May 2023
Monthly production output is estimated to have fallen 0.6% in May 2023; this follows a fall of 0.2% (revised up from a fall of 0.3%) in April 2023. The monthly decrease in output in May 2023 resulted from a decline in three of the four production sectors, with electricity and gas being the main contributor to the monthly fall (2.0%) with smaller contributions from water supply and sewerage (1.7%) and manufacturing (0.2%); this was partially offset by mining and quarrying, which rose 0.3%. Monthly manufacturing output decreased by 0.2% and saw 8 of its 13 sub-sectors negatively contributing to growth during May 2023; ... (full story)