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UK industrial output grows strongly

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Update: 2016-08-10 06:56:26
UK industrial output grows strongly Photo Courtesy: BBC

DHAKA: UK industrial output grew at the fastest rate for 17 years in the April-to-June quarter, official figures show.

Industrial output grew 2.1% compared with the first quarter of the year, the Office for National Statistics said, reports the BBC.

Despite the quarterly figures there were signs that growth on a monthly basis was slowing during the three-month period.

But the ONS said ‘very few’ respondents had been affected by the uncertainty from the EU referendum vote on 23 June.

The production figures reflect the latest official growth figures for the whole economy which show strong GDP growth in April, followed by a sharp easing off in May and June.

Meanwhile in a separate report the ONS said the deficit on trade in goods and services was £5.1bn in June, compared with a £4.2bn the month before.

The UK exported £12bn worth of goods and services to the European Union in June, an increase of £500m compared with May.

BDST: 1652 HRS, AUG 10, 2016
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