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Index of Production, UK: August 2023
Monthly production output is estimated to have fallen 0.7% in August 2023; this follows a revised fall of 1.1% (revised down from a fall of 0.7%) in July 2023. The monthly decrease in output in August 2023 resulted from a decline in three of the four production sectors, with ”manufacturing” being the main contributor to the monthly fall (0.8%) with other smaller contributing decreases in “water supply and sewerage” (1.6%) and “electricity and gas” (1.8%); this was partially offset by a rise in “mining and quarrying” (2.9%). Monthly manufacturing output decreased by 0.8% with decreases in 9 of its 13 ... (full story)