UK manufacturing rebounds 1.8 percent in May but other production industry lags

Official data show that British manufacturing production rose by 1.8 percent in May, reversing a drop a month earlier.

The Office for National Statistics said Thursday that the broader industrial production index — including mining, oil and gas extraction, and energy and water utilities — was up 0.9 percent compared with April, in line with market expectations. Industrial production had fallen by 1.7 percent in April.

Analyst Vicky Redwood at Capital Economics says that despite May’s gain, the underlying trend in manufacturing is broadly flat.

She said that, “The survey evidence has given a pretty consistent picture of an underlying slowdown in demand for U.K. manufacturers’ products both at home and overseas.”

http://www.washingtonpost.com/business/economy/uk-manufacturing-rebounds-18-percent-in-may-but-other-production-industry-lags/2011/07/07/gIQAfMGp1H_story.html

 

 

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