United Kingdom Industry

United Kingdom

United Kingdom: Industry improves in May

July 7, 2015

In May, industrial production rose 0.4% over the previous month, which was above the 0.3% increase observed in April. In addition, May’s figure contrasted the 0.2% contraction the market had expected.

Manufacturing dropped 0.6% in May, which followed the 0.4% decrease seen in April. Conversely, electricity, gas and steam expanded 0.6%, which contrasted the 3.3% decrease seen in April. In addition, mining and quarrying accelerated and grew 4.9% (April: +4.5% year-on-year).

In annual terms, industrial production rose 2.1% in May, which was up from the 1.2% increase observed in the previous month and marked the highest reading in over a year. Moreover, annual average growth in industrial production rose from 1.2% in April to 1.3% in May.

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

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United Kingdom Industry Chart

United Kingdom Industry May 2015

Note: Month-on-month seasonally adjusted and year-on-year variation in %.
Source: Office for National Statistics (ONS).

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