United Kingdom Industry October 2018

United Kingdom

United Kingdom: Industrial production contracts in October

December 10, 2018

Industrial production decreased 0.6% in October over the prior month according to the Office for National Statistics, down from September’s flat reading. October’s figure was driven by contractions in the manufacturing; electricity, gas, steam and air conditioning; and water supply sectors, while the mining and quarrying sector expanded.

Industrial production fell 0.8% in annual terms in October, down from September’s flat reading. Annual average growth in industrial production declined from 1.4% in September to 1.0% in October.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.1% in 2019 and 1.0% in 2020.

Author:, Economist

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United Kingdom Industry Chart

UnitedKingdom Industry October 2018

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

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