United Kingdom Industry February 2017

United Kingdom

United Kingdom: Industrial production data disappoints in February

April 10, 2017

Industrial production decreased 0.7% in February over the previous month, down from the revised 0.3% contraction recorded in January (previously reported: -0.4% month-on-month) and surprising analysts, who were expecting a small increase. The result was driven by declines in the manufacturing, water supply, sewerage and waste management, mining and quarrying and electricity, air, steam and air conditioning sectors. The latter suffered the most significant fall, largely due to unseasonably warm weather. Markets didn’t take the figures well, with the pound losing ground against the dollar as a result.

Industrial production increased 2.8% in February, down from January’s revised 3.3% (previously recorded: +3.2% year-on-year), while annual average growth in industrial production picked up from 1.4% to 1.7%.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.1% in 2017, which is up 0.1 percentage points from the previous month’s forecast. For 2018, the panel expects industrial production to increase 0.2%.


Author:, Economist

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United Kingdom Industry February 2017

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


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