Industry in United Kingdom
United Kingdom - Industry
Industrial production increases marginally in July
Industrial production rose 0.1% in July over the prior month according to the Office for National Statistics, contrasting June’s 0.1% decreaseincrease and driven by growth in the manufacturing and water supply sectors. Industrial production fell 0.9% in annual terms in July, coming after June’s 0.6% contraction.
July’s reading marked a fairly tame start to the third quarter, although momentum could build temporarily in coming months due to a build-up of inventories ahead of the end-October Brexit deadline. However, a less favorable external backdrop will likely weigh on activity somewhat.
FocusEconomics Consensus Forecast panelists project that industrial production will increase 0.3% in 2019 and 0.3% again in 2020.
United Kingdom - Industry Data
|Industrial Production (annual variation in %)||-0.7||1.5||1.2||1.0||1.8|
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||0.43||-3.04 %||Sep 04|
|Exchange Rate||1.23||-0.35 %||Sep 04|
|Stock Market||7,311||-0.26 %||Sep 04|
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September 10, 2019
The unemployment rate dipped to 3.8% in May-July from 3.9% in the previous rolling quarter, marking the joint-lowest rate since the 1970s.
September 9, 2019
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.3% in July over the previous month in seasonally-adjusted terms, up from June’s flat reading and beating market expectations of 0.1% growth.
September 9, 2019
Industrial production rose 0.1% in July over the prior month according to the Office for National Statistics, contrasting June’s 0.1% decreaseincrease and driven by growth in the manufacturing and water supply sectors.
September 4, 2019
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) decreased to 50.6 in August from 51.4 in July.
August 30, 2019
The GfK consumer confidence indicator registered minus 14 points in August, down from July’s minus 11 points.