United Kingdom Industry June 2018

United Kingdom

United Kingdom: Industrial production picks up in June

August 10, 2018

Industrial production increased 0.4% in June over the prior month according to the Office for National Statistics, contrasting May’s 0.2% decline (previously reported: -0.4% month-on-month). The result was driven by growth in the manufacturing; electricity, gas, steam and air conditioning; and water supply, sewerage and waste management sub-sectors. In contrast, the mining and quarrying sub-sector contracted month-on-month.

Industrial production increased 1.1% in annual terms in June, down from May’s revised 1.2% increase (previously reported: +0.8% year-on-year). Annual average growth in industrial production was unchanged at 2.1% in June.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.5% in 2018 and 1.1% in 2019.

Author:, Economist

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United Kingdom Industry Chart

UnitedKingdom Industry June 2018

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

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