United Kingdom Industry December 2019

United Kingdom

United Kingdom: Industrial production ticks up in December

February 11, 2020

Industrial production rose 0.1% in December compared to the prior month, contrasting November’s revised 1.1% contraction (previously reported: -1.2% month-on-month). December’s figure was driven by a return to growth in the manufacturing sector.

In annual terms, industrial production fell 1.8% in December, following November’s revised 2.5% drop (previously reported: -1.6% year-on-year). December’s reading rounded off a weak 2019, which saw industrial output fall 1.3%, weighed on by weak external momentum and Brexit uncertainty.

Looking ahead, while our panelists see industrial production recovering somewhat in 2020, it is likely to remain sluggish, held back by uncertainty over the UK’s future trading relationship with the EU and a tough external environment.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 0.1% in 2020, which is unchanged from last month’s forecast, and 0.9% in 2021.


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 December 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