Industry in United Kingdom

United Kingdom Industry | Economic News & Forecasts

United Kingdom - Industry

Industrial production rises in February

Industrial production rose 0.6% in February over the prior month according to the Office for National Statistics, following January’s revised 0.7% increase (previously reported: +0.6% month-on-month). February’s figure was driven by expansions in the manufacturing; and mining and quarrying subsectors, while the electricity, gas, steam and air conditioning; and water supply subsectors contracted over the previous month.

Industrial production eked out a 0.1% expansion in annual terms in February, contrasting January’s 0.3% decline. Annual average growth in industrial production declined from 0.7% in January to 0.5% in February.

FocusEconomics Consensus Forecast panelists see the industrial sector remaining weak going forward, and project that industrial production will increase 0.1% in 2019 and 0.8% in 2020.

United Kingdom - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-0.7  1.5  1.2  1.3  1.9  

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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 Yield1.25-3.04 %Jan 30
Exchange Rate1.31-0.35 %Jan 30
Stock Market6,942-0.26 %Jan 30

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