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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -0.7 | 1.5 | 1.2 | 1.0 | 1.8 |
United Kingdom Industry Chart
Source: Office for National Statistics (ONS) and FocusEconomics calculations.
United Kingdom Facts
| Value | Change | Date | |
|---|---|---|---|
| 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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Economic News
United Kingdom: Unemployment rate inches down in May-July, wage growth remains firm
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.
United Kingdom: Economy perks up in July, allaying recession fears
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.
United Kingdom: Industrial production increases marginally in July
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.
United Kingdom: Services and manufacturing PMIs sink in August
September 4, 2019
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) decreased to 50.6 in August from 51.4 in July.
United Kingdom: Consumer sentiment worsens in August
August 30, 2019
The GfK consumer confidence indicator registered minus 14 points in August, down from July’s minus 11 points.
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