United Kingdom Industry November 2018

United Kingdom

United Kingdom: Industrial production contracts for third straight month in November

January 11, 2019

Industrial production decreased 0.4% in November over the prior month according to the Office for National Statistics, down from October’s revised 0.5% fall (previously reported: -0.6% month-on-month). November’s figure was driven by contractions in the mining and quarrying; manufacturing; and electricity, gas, steam and air conditioning subsectors, while the water supply subsector was flat over the previous month.

Industrial production fell 1.5% in annual terms in November, down from October’s revised 0.9% decline (previously reported: -0.8% year-on-year). Annual average growth in industrial production declined from 1.1% in October to 0.8% in November.

UK Industrial Production Forecast

FocusEconomics Consensus Forecast panelists project that industrial production will increase 0.8% in 2019 and 1.0% in 2020.

Author:, Economist

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United Kingdom Industry Chart

UnitedKingdom Industry November 2018

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

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