Index of Production, UK: October 2020

Production output rose by 1.3% between September 2020 and October 2020, with all sectors showing growth: manufacturing rose by 1.7%; electricity and gas rose by 0.3%; mining and quarrying rose by 0.2%; and water supply rose by 0.6%. In October 2020, the index of production was 4.4% below February 2020, the previous month of “normal” trading conditions prior to the coronavirus (COVID-19) pandemic. The monthly increase of 1.7% in manufacturing output was led by manufacturing of transport equipment; 11 of the 13 subsectors displayed upward contributions. Total production output increased by 7.6% for the three months … (full story)

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