United Kingdom Industry August 2020

United Kingdom

United Kingdom: Industrial output growth wanes in August

October 9, 2020

Industrial production increased 0.3% on a calendar-adjusted month-on-month basis in August (July: +5.2% mom).

August's notable loss of momentum was largely due to easing manufacturing growth and a sharper decline in mining output.

On an annual basis, industrial output plummeted 6.4% in August, moderating from July’s 7.4% 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 7.3% in August, down from July's minus 7.0%.

FocusEconomics Consensus Forecast panelists project that industrial production will decrease 10.1% in 2020, which is up 0.2 percentage points from last month’s forecast, and increase 5.3% in 2021, which is up 0.2 percentage points from last month’s forecast.

Author:, Economist

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United Kingdom Industry Chart

United Kingdom Industry August 20 20

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

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