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    07.07.2015 09:17 U.K. manufacturing production drops 0.6% in May, but industrial production climbs 0.4%

    The Office for National Statistics (ONS) released its manufacturing industrial production figures for the U.K. on Tuesday. Manufacturing production in the U.K. dropped 0.6% in May, missing expectations for a 0.1% gain, after a 0.4% decrease in April.

    Manufacturing output was driven by a decline in a decline in the manufacture of weapons and ammunition, which dropped 21.5%.

    On a yearly basis, manufacturing production in the U.K. increased 1.0% in May, missing forecast of a 1.8% gain, after a 0.1% rise in April. April's figure was revised down from a 0.2% gain.

    Industrial production in the U.K. climbed 0.4% in May, beating forecasts of a 0.2% fall, after a 0.3% gain in April. April's figure was revised down from 0.4% increase.

    The increase in the industrial output was driven by higher oil and gas production. Oil and gas extraction increased 7.3% in May.

    On a yearly basis, industrial production in the U.K. gained 2.1% in May, exceeding expectations for a 1.6% rise, after a 1.2% increase in April.

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