Industrial Production in United Kingdom
The United Kingdom recorded an average industrial production growth rate of 0.9% in the decade to 2022, above the 0.7% average for Major Economies. In 2022, industrial production growth was -3.5%. For more industry information, visit our dedicated page.
United Kingdom Industry Chart
United Kingdom Industry Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 3.1 | 1.7 | 2.3 | -3.9 | -3.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects British industry projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for British industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our British industry projections.
Want to get access to the full dataset of British industry forecasts? Send an email to info@focus-economics.com.
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