United Kingdom Industry December 2015

United Kingdom

United Kingdom: Industry drops in December

February 17, 2016

In December, industrial production contracted 1.1% in seasonally-adjusted terms over the previous month, which followed the 0.8% drop seen in November and undershot the 0.1% drop the markets had expected. Manufacturing decreased 0.2% in December, which was slightly up from the previous month’s 0.3% drop. The monthly decrease reflected contractions in all the categories, with oil, gas and electricity as well as mining and quarrying recording the steepest fall.

Industrial production contracted 0.4% over the same month of the previous year, which contrasted the 0.7% increase recorded in November. Annual average growth in industrial production inched down from 1.1% in November to 1.0% in December.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.3% in 2016, which is down 0.1 percentage points over the previous month’s forecast. For 2017, the panel expects that industrial production will increase 1.5%.

Author:, Senior Economist

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United Kingdom Industry Chart

United Kingdom Industry December 2015 0

Note: Month-on-month seasonally adjusted and year-on-year variation in %.
Source: Office for National Statistics (ONS).

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