United Kingdom Industry February 2021

United Kingdom

United Kingdom: Industrial output rises at best pace in six months in February

April 13, 2021

Industrial output expanded 1.0% in month-on-month seasonally-adjusted terms in February, which contrasted January's 1.8% decrease. February's figure was partly due to an improvement in manufacturing output. In addition, electricity, gas, steam and air conditioning supply output gained steam.

On an annual basis, factory output declined 3.5% in February, softer than January’s 4.3% fall. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 8.3% in February, down from January's minus 8.2% reading.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 5.2% in 2021, which is up 0.9 percentage points from last month’s forecast, and 4.0% in 2022.


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United Kingdom Industry Chart


United Kingdom Industry February 2021

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


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