United Kingdom Industry November 2021

United Kingdom

United Kingdom: Industrial output grows at fastest pace since March in November

January 14, 2022

Industrial output increased 0.9% month-on-month in seasonally-adjusted terms in November (October: -0.4% mom). November's reading marked the best result since March. Looking at the details of the release, November's pickup was broad-based, with the manufacturing, electricity, gas, steam and air conditioning supply and water supply sub-sectors all gaining steam.

On an annual basis, factory output grew 0.1% in November, which was below October’s 0.2% expansion and marking the worst result since February. Meanwhile, the trend improved, with the annual average growth of industrial production coming in at an over two-year high of 5.2%, up from October's 4.9%.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 3.2% in 2022, which is down 0.1 percentage points from last month’s forecast, and 1.8% in 2023.


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United Kingdom Industry Chart

United Kingdom Industry November 2021

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

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