United Kingdom Industry

United Kingdom

United Kingdom: Industry contracts again in July

September 9, 2015

In July, industrial production fell 0.4% in seasonally-adjusted terms over the previous month, which was in line with the 0.4% drop recorded in June. July’s figure contrasted the 1.4% increase expected by the markets. Manufacturing dropped 0.8% in July, which contrasted the 0.2% increase seen in June and marked the steepest decrease in six months. Conversely, electricity, gas and steam expanded 1.3%, which contrasted the 0.3% decrease seen in June. In addition, mining and quarrying improved and grew 0.4% (June: -3.8% year-on-year).

In annual terms, industrial production expanded 0.8%, which was down from the 1.5% increase recorded in June and marked the lowest reading in 5 months. Moreover, annual average growth in industrial production slowed from 1.3% in June to 1.2% in July.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.3% in 2015, which is up 0.1 percentage points over the previous month’s forecast. For 2016, the panel expects that industrial production also will increase 1.5%.

Author:, Senior Economist

Sample Report

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


United Kingdom Industry Chart

United Kingdom Industry July 2015

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