United Kingdom Industry April 2019

United Kingdom

United Kingdom: Industrial production plunges in April on temporary factors

June 10, 2019

Industrial production fell 2.7% in April over the prior month according to the Office for National Statistics, contrasting March’s 0.7% increase. April’s figure was driven by sharp contractions in the manufacturing, and mining and quarrying subsectors, while the electricity, gas, steam and air conditioning, and water supply subsectors expanded over the previous month. Industrial production decreased 1.0% in annual terms in April, contrasting March’s 1.3% rise.

Weakness in manufacturing stemmed from planned shutdowns at car plants and an easing impact from stockpiling—which had spurred the subsector in Q1—while lower oil and gas output hurt the mining and quarrying subsector.

FocusEconomics Consensus Forecast panelists see the industrial sector eking out a meager expansion this year and next, and project that industrial production will increase 0.6% in 2019 and 0.7% in 2020.


Author:, Economist

Sample Report

Looking for forecasts related to Industry in United Kingdom? Download a sample report now.

Download

United Kingdom Industry Chart


United Kingdom Industry April 2019

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


United Kingdom Economic News

More news

Search form