Industry in United Kingdom

United Kingdom Industry | Economic News & Forecasts

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  

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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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