United Kingdom Industry January 2020

United Kingdom

United Kingdom: Industrial production declines in January

March 11, 2020

Industrial production fell 0.1% in January compared to the prior month, contrasting December’s 0.1% increase. January’s reading was driven by lower electricity and gas output due to warmer-than-usual temperatures.

In annual terms, industrial production fell 2.9% in January, following December’s 1.8% decline.

Looking ahead, Covid-19 will likely weigh heavily on industrial output in the near term due to the UK’s current lockdown and weaker external demand.

Panelists are taking recent developments into account, with a new Consensus Forecast to be published on 31 March.

Author:, Economist

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United Kingdom Industry Chart

United Kingdom Industry January 20 20

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

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