Industry in United Kingdom

United Kingdom Industry | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)1.0  1.1  1.7  0.8  -1.4  

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United Kingdom Industry Chart

United Kingdom Industry
Note: Annual variation of industrial production in %.
Source: Office for National Statistics (ONS) and FocusEconomics calculations.

United Kingdom Facts

Value Change Date
Bond Yield0.83-3.04 %Jan 01
Exchange Rate1.33-0.35 %Jan 01

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