United Kingdom Industry December 2020

United Kingdom

United Kingdom: Industrial output records lowest growth since April in December

February 12, 2021

Industrial output increased 0.2% in month-on-month seasonally-adjusted terms in December, which followed November's 0.3% increase. The result marked the weakest reading since April. The weakening was partly driven by a deterioration in manufacturing production growth. In contrast, electricity, gas, steam and air conditioning supply output picked up pace.

On an annual basis, industrial output fell at a softer pace of 3.3% in December (November: -3.9% yoy), the best result since February. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 8.5% in December, down from November's minus 8.4% reading.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 4.1% in 2021, which is down 0.7 percentage points from last month’s forecast, and 4.0% in 2022.

Author:, Economist

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United Kingdom Industry Chart

United Kingdom Industry December 20 20 0

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

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