Business, industry and trade Turnover in production and services industries: Dec 2016 Construction output in Great Britain: Dec 2016 and Oct to Dec 2016 In December 2016, construction output rose by 1.8% compared with November 2016, largely due to an increase in new work. Private commercial work was one of the main drivers behind construction growth, expanding by 5.2% in December. Economy Short-term indicators economic commentary: Feb 2017 Today's (10 February 2017) data confirm that economic activity continued to expand at the end of 2016 – however, there was some variation across the headline industries. Production output rose for the second consecutive month in December, a result of strong growth in manufacturing, especially in industries that produce pharmaceutical and metal products. UK index of production: Dec 2016 The Index of Production for Quarter 4 (Oct to Dec) 2016 was estimated to have increased by 0.3%, revised upwards from 0.0% in the Gross domestic product preliminary estimate: Oct to Dec 2016. Manufacturing provided the largest contribution to quarterly growth, largely due to a strong increase in the volatile pharmaceuticals industry. UK trade: Dec 2016 The UK trade deficit on goods and services narrowed to £8.6 billion in Quarter 4 (Oct to Dec) 2016, following a sharp widening of the deficit in Quarter 3 (July to Sept) 2016; this narrowing was predominantly due to an increase in exports of goods to non-EU countries. At the commodity level, the main causes of the narrowing of the deficit in Quarter 4 were increased exports of non-monetary gold, oil and aircraft as well as a decrease in imports of non-monetary gold. Commenting on today's short term indicator data, senior statistician Kate Davies said: |
No comments:
Post a Comment