United Kingdom Industry November 2020

United Kingdom

United Kingdom: Industrial output dips in November

January 15, 2021

Industrial output dropped 0.1% month-on-month in seasonally-adjusted terms in November (October: +1.1% mom). The figure marked the worst reading since April. November's reading was driven by deteriorations in all subcomponents of the index.

On an annual basis, industrial output dropped 4.7% in November, moderating from October’s 5.8% fall and marking the best result since February. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 8.5%, down from October's minus 8.2% reading.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 4.8% in 2021, which is up 0.6 percentage points from last month’s forecast, and 3.3% in 2022.

Author:, Economist

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United Kingdom Industry Chart

United Kingdom Industry November 20 20

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

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