Industry in United Kingdom
United Kingdom - Industry
Industrial output expands at quickest pace since July 2020 in March
Industrial output increased 1.8% month-on-month in seasonally-adjusted terms in March (February: +1.0% mom). March's reading marked the strongest rise since July 2020. The reading was partly due to faster growth in manufacturing output.
On an annual basis, industrial output increased 3.6% in March, contrasting February’s 3.5% fall and marking the best result since October 2017. Moreover, the trend improved notably, with the annual average variation of industrial production coming in at minus 7.2%, up from February's minus 8.3%.
FocusEconomics Consensus Forecast panelists project that industrial production will increase 5.5% in 2021, which is up 0.3 percentage points from last month’s forecast, and 4.4% 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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May 12, 2021
Industrial output increased 1.8% month-on-month in seasonally-adjusted terms in March (February: +1.0% mom).
May 12, 2021
GDP dropped 1.5% on a seasonally-adjusted quarter-on-quarter basis in the first quarter, contrasting the 1.3% expansion seen in the fourth quarter of last year.
United Kingdom: BoE keeps rates and total stock of asset purchases unchanged in May, but reduces pace of bond buying
May 6, 2021
At its meeting ending on 5 May, the Bank of England (BoE) maintained the bank rate at the record low of 0.10%, where it has been since March 2020.
April 30, 2021
According to the Nationwide Building Society, house prices in the United Kingdom rose 2.1% month-on-month in April, contrasting March’s 0.3% contraction.
April 23, 2021
Consumer confidence came in at minus 15.0 in April, up from March's minus 16.0.