MANUFACTURING output rose at its fastest pace in over a year in May as factories ramped up output after a royal wedding-related drop in April, official data showed yesterday.
Manufacturing production jumped 1.8 per cent between April and May, after a 1.6 per cent drop in April.
Yet the wider measure of industrial production only partially pared April’s 1.7 per cent fall, rising by 0.9 per cent.
The rate of industrial production – which includes mining – was down 0.8 per cent compared with the same time last year.
“It still looks pretty likely that industrial production overall will be negative over the second quarter and a drag on second quarter GDP,” said Victoria Cadman at Investec.