United Kingdom Industry August 2021

United Kingdom

United Kingdom: Industrial output growth speeds up in August

October 13, 2021

Industrial output rose 0.8% month-on-month in seasonally-adjusted terms in August (July: +0.2% mom). The improvement was largely driven by a recovery in manufacturing output. In contrast, electricity, gas, steam and air conditioning supply production fell at a sharper pace compared to July.

On an annual basis, industrial output rose at a softer pace of 3.7% in August (July: +4.4% yoy), the worst result since March. Meanwhile, annual average industrial production growth rose to 4.4% in August (July: +3.7%), signaling an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 5.5% in 2021, which is down 0.3 percentage points from last month’s forecast, and 3.6% in 2022, which is down 0.2 percentage points from last month.


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United Kingdom Industry Chart

United Kingdom Industry August 2021 0

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

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