Industry in United Kingdom
United Kingdom - Industry
Industrial output growth wanes in August
Industrial production increased 0.3% on a calendar-adjusted month-on-month basis in August (July: +5.2% mom).
August's notable loss of momentum was largely due to easing manufacturing growth and a sharper decline in mining output.
On an annual basis, industrial output plummeted 6.4% in August, moderating from July’s 7.4% fall and marking the best result since February. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 7.3% in August, down from July's minus 7.0%.
FocusEconomics Consensus Forecast panelists project that industrial production will decrease 10.1% in 2020, which is up 0.2 percentage points from last month’s forecast, and increase 5.3% in 2021, which is up 0.2 percentage points from last month’s forecast.
United Kingdom - Industry Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 1.0 | 1.1 | 1.7 | 0.8 | -1.4 |
United Kingdom Industry Chart
Source: Office for National Statistics (ONS) and FocusEconomics calculations.
United Kingdom Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.83 | -3.04 % | Jan 01 |
| Exchange Rate | 1.33 | -0.35 % | Jan 01 |
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Economic News
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United Kingdom: Inflation increases in September
October 21, 2020
Consumer prices rose a seasonally-adjusted 0.41% in September over the previous month, contrasting the 0.42% fall logged in August.
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United Kingdom: Labor market remains soft at end-Q3, worse to come in fourth quarter
October 13, 2020
According to the ONS, in June–August the unemployment rate ticked up to 4.5%—an over three-year high—while redundancies rose at a record pace in quarter-on-quarter terms.
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United Kingdom: Industrial output growth wanes in August
October 9, 2020
Industrial production increased 0.3% on a calendar-adjusted month-on-month basis in August (July: +5.2% mom).
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United Kingdom: Economic activity growth ebbs in August
October 9, 2020
GDP expanded 2.1% on a calendar-adjusted month-on-month basis in August (July: +6.4% mom), amid softer growth in industrial production, construction and services.
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United Kingdom: House prices continue to increase in September
September 30, 2020
According to the Nationwide Building Society (NBS), house prices in the United Kingdom rose 0.9% month-on-month in September, down from August’s 2.0% rise.
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