In August, industrial production decreased a seasonally-adjusted 0.5% over the previous month. The figure contrasted the revised 2.8% expansion seen in July (previously reported: +2.9% month-on-month) but was in line with market expectations. The deterioration was broad-based, with the three major categories performing worse compared to the preceding month. In particular, manufacturing output surprised the market on the downside by recording a 1.1% contraction over the previous month (July: +3.1% mom), which was below analysts' expectations of a 0.7% decline. In annual terms, industrial output decreased 1.2%, which came in below the 0.8% contraction observed in July. Despite the subdued figure, the trend remains stable, with annual average growth in industrial output remaining unchanged at July's minus 2.3%.
United Kingdom Industry
Industrial output contracts in August
October 9, 2012
Looking for forecasts related to Industry in United Kingdom? Download a sample report now.
United Kingdom Industry Chart
Note: Month-on-month seasonally adjusted and year-on-year variation in %.
Source: Office for National Statistics (ONS).
United Kingdom Economic News
October 21, 2016
Following nearly four months of little or no news regarding formal negotiations with the European Union, in early October, Prime Minister Theresa May finally shed some light on the Brexit timeline and announced that Article 50 of the Lisbon Treaty will likely be triggered before the end of March 2017.
October 19, 2016
In September, jobless claims increased by 700 from the previous month, according to the Office for National Statistics (ONS).
October 18, 2016
In September, consumer prices increased 0.2% from the previous month, which came in below the 0.3% increase seen in the previous month.
October 8, 2016
In August, industrial production contracted 0.4% over the previous month in seasonally-adjusted terms, which contrasted the 0.1% increase recorded in July.
October 3, 2016
In September, the manufacturing sector recovered the ground it had lost after the EU referendum.