The Strategist

UK industrial production better than forecast in January

03/11/2022 - 11:02

Industrial production in the UK rose 0.7% in January against December, according to the country's national statistics bureau.

Analysts polled by DailyFX thought the figure rose only 0.1% in monthly terms.

On an annualized basis, the figure grew by 2.3 percent, while a 1.9 percent increase was expected.

In December, U.K. industrial production rose 0.3% month-on-month and 0.4% year-on-year.

Manufacturing output in the UK in January rose by 0.8% month-on-month, with growth of 0.2% forecasted. In annual terms, the indicator increased by 3.6% with a forecasted growth of 3.1%.