Industry in United Kingdom
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
|Industrial Production (annual variation in %)||-0.7||1.5||1.2||1.3||1.9|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Industry Chart
Source: Office for National Statistics (ONS) and FocusEconomics calculations.
United Kingdom Facts
|Bond Yield||1.22||-3.04 %||Aug 15|
|Exchange Rate||1.27||-0.35 %||Aug 15|
|Stock Market||7,498||-0.26 %||Aug 15|
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United Kingdom: Unemployment rate hits fresh multi-decade low in April-June, but wage growth continues to moderate
August 14, 2018
In the April-June period the unemployment rate fell to 4.0%, down from 4.2% in March-May and marking the lowest rate since 1975.
August 10, 2018
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).
August 10, 2018
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