Industry in United Kingdom
United Kingdom - Industry
Industrial production contracts in October
Industrial production decreased 0.6% in October over the prior month according to the Office for National Statistics, down from September’s flat reading. October’s figure was driven by contractions in the manufacturing; electricity, gas, steam and air conditioning; and water supply sectors, while the mining and quarrying sector expanded.
Industrial production fell 0.8% in annual terms in October, down from September’s flat reading. Annual average growth in industrial production declined from 1.4% in September to 1.0% in October.
FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.1% in 2019 and 1.0% in 2020.
United Kingdom - Industry Data
|Industrial Production (annual variation in %)||-0.7||1.5||1.2||1.3||1.9|
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||1.20||-3.04 %||Dec 11|
|Exchange Rate||1.25||-0.35 %||Dec 11|
|Stock Market||6,807||-0.26 %||Dec 11|
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December 11, 2018
In the August-October period the unemployment rate remained at a near multi-decade low of 4.1%.
December 10, 2018
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.1% in October over the prior month in seasonally-adjusted terms, up from September’s flat reading.
December 10, 2018
Industrial production decreased 0.6% in October over the prior month according to the Office for National Statistics, down from September’s flat reading.
December 5, 2018
Growth in the UK services sector declined notably in November, with the IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) droppng from 52.2 in October to 50.4, markedly undershooting analysts’ expectations.
November 30, 2018
According to the Nationwide Building Society (NBS), house prices in the United Kingdom increased 0.3% in November compared to the previous month in seasonally adjusted terms, up from October’s flat reading.