Industry in United Kingdom
United Kingdom - Industry
Industrial output dips in June
Industrial output decreased 0.7% month-on-month in seasonally-adjusted terms in June (May: +0.6% mom). Looking at the details of the release, manufacturing production gained traction in June, while electricity, gas, steam and air conditioning supply output swung to contraction.
On an annual basis, industrial output rose at a more moderate pace of 8.3% in June (May: +20.7% yoy). Meanwhile, the trend improved notably, with the annual average growth of industrial production coming in at plus 2.2% in June, up from May's 0.5%.
FocusEconomics Consensus Forecast panelists project that industrial production will increase 6.9% in 2021, which is up 0.2 percentage points from last month’s forecast, and 4.2% in 2022.
United Kingdom - Industry Data
|Industrial Production (annual variation in %)||1.0||1.1||1.7||0.8||-1.4|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Industry Chart
Source: Office for National Statistics (ONS) and FocusEconomics calculations.
United Kingdom Facts
|Bond Yield||0.83||-3.04 %||Jan 01|
|Exchange Rate||1.33||-0.35 %||Jan 01|
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September 1, 2021
According to the Nationwide Building Society, house prices in the United Kingdom rose 2.1% month-on-month in August, following July’s 0.6% drop.
August 23, 2021
The IHS Markit Composite Purchasing Managers’ Index (PMI) fell to 55.3 in August from July's 59.2, held back by staff and supply shortages amid a surge in Covid-19 cases which saw many people forced to self-isolate.
August 20, 2021
Consumer confidence came in at minus 8.0 in August, down from July's minus 7.0.
August 18, 2021
Consumer prices fell a seasonally-adjusted 0.02% in July over the previous month, contrasting June's 0.50% rise.
August 17, 2021
According to the ONS, in April–June the unemployment rate registered 4.7%, down 0.2 percentage points from Q1.