Industry in United Kingdom

United Kingdom Industry | Economic News & Forecasts

United Kingdom - Industry

Industrial production bounces back in May

Industrial production increased 1.4% in May over the prior month according to the Office for National Statistics, contrasting April’s revised 2.9% decline (previously reported: -2.7% month-on-month). May’s figure was driven by growth in the the manufacturing, mining and quarrying, electricity, gas, steam and air conditioning, and water supply subsectors.

The manufacturing sector was the biggest contributor to May’s expansion, and was driven in part by a rebound in car output following temporary shutdowns at car plants in April. Industrial production increased 0.9% in May in annual terms, contrasting April’s revised 1.1% decline (previously reported: -1.0% year-on-year).

FocusEconomics Consensus Forecast panelists see the industrial sector eking out a meager expansion this year and next, and project that industrial production will increase 0.8% in 2019 and 0.8% again in 2020.

United Kingdom - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-     -     -     -     -     

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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

Bond Yield0.84-3.04 %Jul 11
Exchange Rate1.25-0.35 %Jul 11
Stock Market7,510-0.26 %Jul 11

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