Fri, Feb 21, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Commodity Crisis, Trends more

UK production slumps as commodities take a hammering

Posted on 11 February 2016

UK production slumped dramatically in December as resource companies took a hammering from the global commodity price crash. Overall production dropped 1.1% over the period, far outstripping expectations of a 0.1% decline. While manufacturing was little changed, mining and quarrying output led the index lower, down 4%.
A relatively mild winter also took a toll on energy generation, with output falling 5.4% month-on-month. Looking ahead, energy supply output should spring back, but the shake-out of excess production in the oil sector has further to run, noted Samuel Tombs of Pantheon Macroeconomics………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
February 2020
S M T W T F S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829