Industry in United Kingdom

United Kingdom Industry | Economic News & Forecasts

United Kingdom - Industry

Industrial production shrinks in November

Industrial production fell 1.2% in November compared to the prior month, contrasting October’s revised 0.4% expansion (previously reported: +0.1% month-on-month). November’s figure was driven by contractions in the manufacturing and water supply subsectors. In annual terms, industrial production fell 1.6% in November, following October’s revised 0.6% drop (previously reported: -1.3% year-on-year).

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.

United Kingdom - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-0.7  1.5  1.2  1.0  1.8  

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United Kingdom Industry Chart


United Kingdom Industry
Note: Annual variation of industrial production in %.
Source: Office for National Statistics (ONS) and FocusEconomics calculations.

United Kingdom Facts

ValueChangeDate
Bond Yield0.83-3.04 %Jan 01
Exchange Rate1.33-0.35 %Jan 01

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