United Kingdom Industry April 2018

United Kingdom

United Kingdom: Industrial production declines in April

June 11, 2018

Industrial production fell 0.8% in April over the prior month according to the Office for National Statistics, contrasting March’s 0.1% rise and undershooting analysts’ expectations. The result was driven by a sharp contraction in manufacturing, which was the largest since 2012 and stemmed from the weakness of both exports and domestic activity. In addition, the electricity, gas, steam and air conditioning; and water supply, sewerage and waste management sub-sectors saw pronounced declines. The mining and quarrying sub-sector expanded strongly month-on-month.

Industrial production increased 1.8% year-on-year in April, down from March’s 2.9% expansion. Annual average growth in industrial production rose from 1.7% in March to 1.9% in April.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.8% in 2018 and 1.2% in 2019.

Author:, Economist

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United Kingdom Industry Chart

UnitedKingdom Industry April 2018

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

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