UK Industrial Production Growth

The United Kingdom witnessed a notable increase in industrial production, with a 1.5% rise in February compared to the previous month, as reported by the Office for National Statistics this Friday.

Sector-wise Contributions

Manufacturing and electricity and gas sectors were the frontrunners in this growth, showcasing impressive jumps of 2.2% and 2%, respectively. However, not all sectors shared in this upward trend, with mining and quarrying experiencing a 3% decline.

Long-term Production Trends

Over the three months leading to February 2025, total production saw a 0.7% increase compared to the preceding three-month period. When compared year-over-year to February 2024, there was a slight 0.1% uptick in production figures.