United Kingdom Industry May 2019

United Kingdom

United Kingdom: Industrial production bounces back in May

July 10, 2019

Industrial production increased 1.4% in May over the prior month according to the Office for National Statistics, contrasting April’s revised 2.9% decline (previously reported: -2.7% month-on-month). May’s figure was driven by growth in the the manufacturing, mining and quarrying, electricity, gas, steam and air conditioning, and water supply subsectors.

The manufacturing sector was the biggest contributor to May’s expansion, and was driven in part by a rebound in car output following temporary shutdowns at car plants in April. Industrial production increased 0.9% in May in annual terms, contrasting April’s revised 1.1% decline (previously reported: -1.0% year-on-year).

FocusEconomics Consensus Forecast panelists see the industrial sector eking out a meager expansion this year and next, and project that industrial production will increase 0.8% in 2019 and 0.8% again in 2020.

Author:, Economist

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United Kingdom Industry Chart

United Kingdom Industry May 2019

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

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