United Kingdom: Industrial production stagnates in September

Industrial production was flat in September over the prior month according to the Office for National Statistics, matching August’s revised figure (previously reported: +0.2% month-on-month). The result was driven by growth in the manufacturing sub-sector, which was offset by contractions in the electricity, gas, steam and air conditioning; water supply, sewerage and waste management; and mining and quarrying sub-sectors.

Industrial production was flat in annual terms in September, down from August’s revised 1.0% figure (previously reported: +1.3% year-on-year). Annual average growth in industrial production declined from 1.7% to 1.4%.

UK Industrial Production Forecast

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.1% in 2019 and 1.2% in 2020.