United Kingdom Industry March 2018

United Kingdom

United Kingdom: Industrial production inches up in March

May 10, 2018

Industrial production rose 0.1% in March over the prior month according to the Office for National Statistics, matching February’s figure but slightly undershooting analysts’ expectations. The result was driven by growth in the electricity, gas, steam and air conditioning; and water supply, sewerage and waste management sub-sectors, which was largely offset by contractions in the mining and quarrying and manufacturing sub-sectors.

Industrial production increased 2.9% year-on-year in March, up from February’s revised 2.1% rise (previously reported: +2.2% year-on-year). Annual average growth in industrial production rose from 1.6% in February to 1.7% in March.

UK Industrial Production Forecast

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.7% in 2018 and 1.0% in 2019.

Author:, Economist

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United Kingdom Industry Chart

UnitedKingdom Industry March 2018

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

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