United Kingdom Industry

United Kingdom

United Kingdom: Industry decelerates in December

January 9, 2015

In December, industrial production fell 0.2% over the previous month, which was a deceleration over the revised flat reading observed in November (previously reported: -0.1% month-on-month). December’s figure came in below the 0.1% contraction the market had expected.

Manufacturing decelerated from a 0.8% increase in November to a 0.1% rise in December. Mining and quarrying contracted 1.4% in December, which came in above November’s 2.9% contraction. In addition, the oil and gas extraction sector contracted 3.1% (November: -4.5% mom). Conversely, electricity, gas, steam and air conditioning swung from a 1.0% decrease in November to a 0.6% increase in December.

In annual terms, industrial production rose 0.5% in December, which was a deterioration over the 1.1% rise seen in the previous month. Annual average growth inched down from 1.5% in November to 1.4% in December and now stands at its lowest level in six months.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.6% in 2015, which is unchanged over the previous month’s forecast. For 2016, the panel expects that industrial production also will increase 1.6%.

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 December 2014

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