Industry in United Kingdom
United Kingdom - Industry
Industrial production bounces back in May
Industrial production increased 1.4% in May over the prior month according to the Office for National Statistics, contrasting April’s revised 2.9% decline (previously reported: -2.7% month-on-month). May’s figure was driven by growth in the the manufacturing, mining and quarrying, electricity, gas, steam and air conditioning, and water supply subsectors.
The manufacturing sector was the biggest contributor to May’s expansion, and was driven in part by a rebound in car output following temporary shutdowns at car plants in April. Industrial production increased 0.9% in May in annual terms, contrasting April’s revised 1.1% decline (previously reported: -1.0% year-on-year).
FocusEconomics Consensus Forecast panelists see the industrial sector eking out a meager expansion this year and next, and project that industrial production will increase 0.8% in 2019 and 0.8% again in 2020.
United Kingdom - Industry Data
|Industrial Production (annual variation in %)||-||-||-||-||-|
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||0.84||-3.04 %||Jul 11|
|Exchange Rate||1.25||-0.35 %||Jul 11|
|Stock Market||7,510||-0.26 %||Jul 11|
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July 17, 2019
Consumer prices were flat month-on-month in June, down from May’s 0.3% rise, as higher prices for furniture, household equipment and maintenance were offset by lower prices for clothing and footwear, and recreation and culture.
July 16, 2019
In the March-May period, the unemployment rate remained at a multi-decade low of 3.8%, while nominal earnings growth excluding bonuses picked up to 3.6% from 3.4% in the prior rolling quarter.
July 10, 2019
Industrial production increased 1.4% in May over the prior month according to the Office for National Statistics, contrasting April’s revised 2.9% decline (previously reported: -2.7% month-on-month).
United Kingdom: The economy recoups ground in May on stronger car production, but momentum is still tepid
July 10, 2019
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.3% in May over the prior month in seasonally-adjusted terms, contrasting April’s 0.4% decline and beating market expectations of 0.1% growth.
July 3, 2019
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) fell from 51.0 in May to 50.2 in June.