United Kingdom Industry July 2019

United Kingdom

United Kingdom: Industrial production increases tepidly in July, contrasting June's decrease

September 9, 2019

Industrial production increased 0.1% in July compared to the previous month, rebounding from June’s 0.1% decrease. July’s increase was supported by an expansion in the manufacturing sector, which contracted in June and represents approximately 70% of total industrial output.

In annual terms, industrial production fell 0.9% in July, following June’s 0.6% decrease.

Looking ahead, industrial production is likely to remain sluggish, held back by uncertainty over the UK’s possible departure from the EU.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 0.6% in 2019 and 0.7% in 2020.

Author:, Economist

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United Kingdom Industry Chart

United Kingdom Industry July 2019 0

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

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