United Kingdom Industry July 2018

United Kingdom

United Kingdom: Industrial production growth slows in July

September 10, 2018

Industrial production increased 0.1% in July over the prior month according to the Office for National Statistics, down from the 0.4% rise in June. The weaker result was due to contractions in the manufacturing and water supply sectors. Supporting growth, however, were expansions in the mining and quarrying, and electricity and gas sectors.

Industrial production increased 0.9% in annual terms in July, down from 1.1% in June. Annual average growth in industrial production slowed to 2.0% in July, less than 2.1% in June.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.4% in 2018, which is down 0.1 percentage points from last month’s forecast, and 1.1% in 2019.

Author:, Economist

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United Kingdom Industry Chart

UnitedKingdom Industry July 2018

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

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