Business, industry and trade Turnover in production and services industries: May 2017 Current price turnover figures for production and services industries. Construction output in Great Britain: May 2017 Construction output fell in May 2017 by 1.2%, in both the month-on-month and 3 month on 3 month time series. The 3 month on 3 month decrease represents the largest 3 month on 3 month fall in output since September 2012, driven by falls in both repair and maintenance, and all new work. The main downward pressure on month-on-month growth came from all new work, most notably from infrastructure, which fell 4.0% following strong growth in April 2017. Economy Short-term indicators economic commentary: July 2017 A summary of the short-term indicators published in early July 2017. UK trade: May 2017 Between the 3 months to February 2017 and the 3 months to May 2017, the total UK trade (goods and services) deficit widened from £6.9 billion to £8.9 billion. The widening of the trade deficit in the 3 months to May 2017 reflects a higher rise in imports than the rise in exports of goods, in particular transport equipment (cars, aircraft and ships), oil and electrical machinery from non-EU countries; a decrease in exports of services also contributed. UK index of production: May 2017 In the 3 months to May 2017 compared with the 3 months to February 2017, the Index of Production was estimated to have decreased by 1.2%, due mainly to falls of 1.1% in manufacturing and 3.5% in energy supply. The largest contribution to the fall in manufacturing came from the highly volatile pharmaceutical industry along with a range of other industries while the fall in energy supply was due largely to warmer temperatures. It's 100 days since the Data Science Campus officially opened its doors to help ONS and government meet the challenges of understanding the modern economy and society. MD Tom Smith reflects on the successes and challenges of the last 3 months and what's in store for the future. And finally...Happy World Chocolate Day! Did you know that on average, households spend more on chocolate in a week than tea and coffee combined? Northern Ireland spends the most on chocolate per week (£2.30), while Scotland spends the least (£1.80). How do you compare? Explore our interactive looking at household spending across the UK. |
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