Industry in United Kingdom
United Kingdom - Industry
Industrial production shrinks in November
Industrial production fell 1.2% in November compared to the prior month, contrasting October’s revised 0.4% expansion (previously reported: +0.1% month-on-month). November’s figure was driven by contractions in the manufacturing and water supply subsectors. In annual terms, industrial production fell 1.6% in November, following October’s revised 0.6% drop (previously reported: -1.3% year-on-year).
Looking ahead, while our panelists see industrial production recovering somewhat in 2020, it is likely to remain sluggish, held back by uncertainty over the UK’s future trading relationship with the EU and a tough external environment.
FocusEconomics Consensus Forecast panelists project that industrial production will increase 0.1% in 2020, which is unchanged from last month’s forecast, and 0.9% in 2021.
United Kingdom - Industry Data
|Industrial Production (annual variation in %)||-0.7||1.5||1.2||1.0||1.8|
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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United Kingdom: Inflation declines further below target in December, leaving door open to monetary easing
January 15, 2020
Consumer prices were flat month-on-month in December, following November’s 0.2% rise.
January 13, 2020
Industrial production fell 1.2% in November compared to the prior month, contrasting October’s revised 0.4% expansion (previously reported: +0.1% month-on-month).
January 13, 2020
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity shrank 0.3% in November over the previous month in seasonally-adjusted terms (October: +0.1% month-on-month, previously reported: +0.0% mom), undershooting market expectations of a flat reading.
January 3, 2020
According to the Nationwide Building Society (NBS), house prices in the United Kingdom rose 0.1% month-on-month in December, down from November’s 0.5% increase.
December 20, 2019
The GfK consumer confidence indicator registered minus 11 in December, up from November’s minus 14, and potentially linked to greater political certainty following the general elections.