Industry in United Kingdom

United Kingdom Industry | Economic News & Forecasts

United Kingdom - Industry

Industrial activity dips in February

Industrial output fell 0.6% month-on-month in seasonally-adjusted terms in February (January: +0.7% mom). February's figure was partly due to a deterioration in manufacturing production—particularly of transport equipment and chemicals. In addition, electricity, gas, steam and air conditioning supply output weakened.

On an annual basis, factory output rose at a more moderate pace of 1.6% in February (January: +3.1% yoy). Meanwhile, annual average growth of industrial production came in at 6.9%, up from January's 6.5%. As a result, the industrial sector remains 1.9% below its pre-pandemic levels, hampered by global supply constraints, surging input prices and Brexit.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 2.6% in 2022, which is unchanged from last month’s forecast, and 1.9% in 2023.

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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