United Kingdom Industry June 2019

United Kingdom

United Kingdom: Industrial production slips in June, rounding off a poor Q2

August 9, 2019

Industrial production fell 0.1% in June over the prior month according to the Office for National Statistics, contrasting May’s revised 1.2% rise (previously reported: +1.4% month-on-month) and driven by a contraction in the manufacturing sector. Industrial production fell 0.6% in annual terms in June, contrasting May’s revised 0.5% increase (previously reported: +0.9% year-on-year).

June’s reading rounded off a weak second quarter, as de-stocking by firms following the Brexit delay dampened manufacturing output. Looking ahead, industrial production is likely to remain sluggish, likely held back by weaker external prospects for businesses following 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

Sample Report

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

Download

United Kingdom Industry Chart


United Kingdom Industry June 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