Industry in United Kingdom

United Kingdom Industry | Economic News & Forecasts

United Kingdom - Industry

Industrial production picks up in June

Industrial production increased 0.4% in June over the prior month according to the Office for National Statistics, contrasting May’s 0.2% decline (previously reported: -0.4% month-on-month). The result was driven by growth in the manufacturing; electricity, gas, steam and air conditioning; and water supply, sewerage and waste management sub-sectors. In contrast, the mining and quarrying sub-sector contracted month-on-month.

Industrial production increased 1.1% in annual terms in June, down from May’s revised 1.2% increase (previously reported: +0.8% year-on-year). Annual average growth in industrial production was unchanged at 2.1% in June.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.5% in 2018 and 1.1% in 2019.

United Kingdom - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-0.7  1.5  1.2  1.3  1.9  

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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

Bond Yield1.22-3.04 %Aug 15
Exchange Rate1.27-0.35 %Aug 15
Stock Market7,498-0.26 %Aug 15

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