GBP Industrial Production (Y/Y)

Actual
-0.9%
Previous
-1.3%
Forecast
-0.4%

Industrial Production measures the overall output of the energy sector, factories, mines and utilities. It is highly significant as a short term indicator of the stability and efficiency of the UK industrial activity. Industry accounts for one quarter of the overall GDP. Due to industrial production accounting for a large part of the volatility of the GDP, foreknowledge manufacturing trends go a long way in the prediction of UK output.

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