United Kingdom Industry January 2019

United Kingdom

United Kingdom: Industrial production contracts for fifth straight month in January

March 12, 2019

Industrial production rose 0.6% in January over the prior month according to the Office for National Statistics, contrasting December’s 0.5% decline. January’s figure was driven by expansions in the manufacturing; mining and quarrying; and electricity, gas, steam and air conditioning subsectors, while the water supply subsector contracted over the previous month.

Industrial production fell 0.9% in annual terms in January, matching December’s figure. Annual average growth in industrial production declined from 0.7% in December to 0.5% in January.

UK Industrial Production Forecast

FocusEconomics Consensus Forecast panelists see the industrial sector remaining weak going forward, and project that industrial production will increase 0.3% in 2019 and 0.8% in 2020.

Author:, Economist

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United Kingdom Industry Chart

United Kingdom Industry January 2019

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

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