Industry in United Kingdom
United Kingdom - Industry
Industrial production growth slows in August
Industrial production increased 0.2% in August over the prior month according to the Office for National Statistics, down from July’s revised 0.4% rise (previously reported: +0.1% month-on-month). August’s figure was driven by expansion in the mining and quarrying; electricity, gas, steam and air conditioning; and water supply sectors, while the manufacturing sector contracted.
Industrial production increased 1.3% in annual terms in August, up from July’s revised 1.0% figure (previously reported: +0.9% yoy). Annual average growth in industrial production was unchanged at 1.7% in August.
UK Industrial Production Forecast
FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.3% in 2018 and 1.0% in 2019.
United Kingdom - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -0.7 | 1.5 | 1.2 | 1.3 | 1.9 |
United Kingdom Industry Chart
Source: Office for National Statistics (ONS) and FocusEconomics calculations.
United Kingdom Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.42 | -3.04 % | Oct 18 |
| Exchange Rate | 1.30 | -0.35 % | Oct 18 |
| Stock Market | 7,027 | -0.26 % | Oct 18 |
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Economic News
United Kingdom: Inflation falls back in September
October 17, 2018
Consumer prices rose 0.1% in September over the previous month, down from August’s 0.7% rise.
United Kingdom: Wage growth accelerates in June-August, but labor market loses steam
October 17, 2018
In the June-August period the unemployment rate stayed at 4.0%, the joint-lowest rate since 1975 and below the Central Bank’s estimate for the equilibrium unemployment rate of 4.25%.
United Kingdom: The economy flatlines in August, data for June and July revised upward
October 10, 2018
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity was unchanged in August over the prior month in seasonally-adjusted terms, undershooting market analysts’ expectations of 0.1% growth.
United Kingdom: Industrial production growth slows in August
October 10, 2018
Industrial production increased 0.2% in August over the prior month according to the Office for National Statistics, down from July’s revised 0.4% rise (previously reported: +0.1% month-on-month).
United Kingdom: The services sector softens slightly in September while the manufacturing sector picks up
October 3, 2018
In September, growth in the UK services sector lost some steam, with the IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) dipping to 53.9 from 54.3 in August.
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