Industry in United Kingdom
United Kingdom - Industry
Industrial production contracts for fourth straight month in December
Industrial production decreased 0.5% in December over the prior month according to the Office for National Statistics, down from November’s revised 0.3% fall (previously reported: -0.4% month-on-month). December’s figure was driven by contractions in the manufacturing; and electricity, gas, steam and air conditioning subsectors, while the mining and quarrying and water supply subsectors expanded over the previous month.
Industrial production fell 0.9% in annual terms in December, up slightly from November’s revised 1.3% decline (previously reported: -1.5% year-on-year). Annual average growth in industrial production declined from 0.8% in November to 0.7% in December.
UK Industrial Production Forecast
FocusEconomics Consensus Forecast panelists see the industrial sector remaining weak going forward, and project that industrial production will increase 0.6% in 2019 and 0.9% in 2020.
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||1.14||-3.04 %||Feb 14|
|Exchange Rate||1.28||-0.35 %||Feb 14|
|Stock Market||7,197||-0.26 %||Feb 14|
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February 13, 2019
Consumer prices declined 0.8% in January over the previous month, contrasting December’s 0.2% rise.
February 12, 2019
Industrial production decreased 0.5% in December over the prior month according to the Office for National Statistics, down from November’s revised 0.3% fall (previously reported: -0.4% month-on-month).
February 11, 2019
Growth decelerated in the fourth quarter of 2018, according to preliminary data released by the Office for National Statistics (ONS) on 11 February.
February 7, 2019
At its meeting ending on 6 February, the Monetary Policy Committee (MPC) of the Bank of England (BoE) voted unanimously to keep the Bank Rate unchanged at 0.75%.
February 5, 2019
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) declined from 51.2 in December to 50.1 in January, an over two-year low.