Industry in United Kingdom
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 |
United Kingdom Industry Chart
Source: Office for National Statistics (ONS) and FocusEconomics calculations.
United Kingdom Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.25 | -3.04 % | Jan 30 |
| Exchange Rate | 1.31 | -0.35 % | Jan 30 |
| Stock Market | 6,942 | -0.26 % | Jan 30 |
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Economic News
United Kingdom: Inflation unchanged in March
April 17, 2019
Consumer prices rose 0.2% in March over the previous month, down from February’s 0.5% increase.
United Kingdom: Labor market remains robust in December-February period
April 16, 2019
In the December-February period, the unemployment rate remained at a multi-decade low of 3.9%, while the employment rate stayed at a joint-record high.
United Kingdom: Industrial production rises in February
April 10, 2019
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).
United Kingdom: The economy performs better than expected in February amid stockpiling
April 10, 2019
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.2% in February over the prior month in seasonally-adjusted terms, down from January’s 0.5% increase but above market expectations of a flat reading.
United Kingdom: Services PMI tumbles into contractionary territory in March; manufacturing firms continue stockpiling
April 3, 2019
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) fell from 51.3 in February to 48.9 in March, marking a multi-year low.
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