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Industrial production in the United Kingdom ended its longest growth cycle since 1994 in October because unusually hot weather caused a drop in production of the energy sector.
Industrial production, which represents about 14 percent of the national income of the United Kingdom, remained at the same level as the previous month. Economists expected production to contract 0.1 percent compared to the previous month, according to a Reuters survey conducted before the data was published.
The stagnation ends six consecutive monthly increases in industrial production, the longest period of expansion in the sector in more than 20 years. During September, industrial production increased by 0.7 percent compared to the previous month.
While the production of electricity and gas decreased by 3.3 percent compared to the previous month, manufacturing production -which accounts for 10 percent of national income As automobile production recovered, the production of equipment Transportation increased 2.8 percent compared to the previous month, while pharmaceutical production increased 2.7 percent.
Manufacturing production was favored by a large increase in automobile exports. Compared to October 2016, the volume of export sales was 20.7% higher and the value of automobile exports reached a new record of £ 4bn, said the Office of National Statistics.
The highest statistical statistic of the National Bureau of Statistics Kate Davies said:
Overall, it was relatively subdued in October 2017 despite the record production of cars destined for export, the long-term outlook is of strong growth.