June sees slowdown across car production and construction sectors

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Industrial output rose 0.5 percent in June, according to official figures from the Office for National Statistics on Thursday.

Whilst this jump surprised analysts, it is likely to be down to a of seasonal oilfield maintenance, which normally slows output. Instead, the drop will be reflected later in the year.

The same batch of figures from the ONS showed another worrying drop in car production in June, falling by 3.6 percent. This follows a 2.3 percent drop in May and signals the sharpest slowdown in nearly four years.

The construction sector, one of the UK’s largest industries, also suffered a fall in June. It fell by 0.1 percent and dropped by 1.3 percent in the second quarter as a whole.

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Miranda Wadham
Miranda is the online editor of UK Investor Magazine. Her interests include private equity, crowdfunding, peer-to-peer lending, gender equality and coffee.