United Kingdom Industry July 2021

United Kingdom

United Kingdom: Industrial output rebounds in July

September 10, 2021

Industrial output expanded 1.2% month-on-month in seasonally-adjusted terms in July (June: -0.7% mom). Looking at the details of the release, mining production rebounded strongly in July, manufacturing production flatlined, while utilities supply output declined at a softer rate.

On an annual basis, industrial output increased 3.8% in July, which was significantly below June’s 8.4% expansion. Meanwhile, the trend improved significantly, with the annual average growth of industrial production coming in at plus 3.0% in July, up from June's 2.2% reading.

FocusEconomics Consensus Forecast panelists project that industrial production will 5.8% in 2021, which is down 1.1 percentage points from last month’s forecast, and 3.8% in 2022.


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United Kingdom Industry Chart

United Kingdom Industry July 2021

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

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