United Kingdom Industry July 2020

United Kingdom

United Kingdom: Industrial output continues to recover in July

September 11, 2020

Industrial production grew 5.2% month-on-month in seasonally-adjusted terms in July (June: +9.3% mom). July's upturn largely reflected a solid expansion in manufacturing.

On an annual basis, factory output plunged 7.8% in July (June: -12.5% yoy). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 7.2%, down from June's minus 6.7% reading.

FocusEconomics Consensus Forecast panelists project that industrial production will decrease 10.3% in 2020, which is down 0.2 percentage points from last month’s forecast, and increase 5.1% in 2021.


Author:, Economist

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United Kingdom Industry July 20 20

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


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