Industry in United Kingdom

United Kingdom Industry | Economic News & Forecasts

United Kingdom - Industry

Industrial output dips in June

Industrial output decreased 0.7% month-on-month in seasonally-adjusted terms in June (May: +0.6% mom). Looking at the details of the release, manufacturing production gained traction in June, while electricity, gas, steam and air conditioning supply output swung to contraction.

On an annual basis, industrial output rose at a more moderate pace of 8.3% in June (May: +20.7% yoy). Meanwhile, the trend improved notably, with the annual average growth of industrial production coming in at plus 2.2% in June, up from May's 0.5%.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 6.9% in 2021, which is up 0.2 percentage points from last month’s forecast, and 4.2% in 2022.

United Kingdom - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)1.0  1.1  1.7  0.8  -1.4  

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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

Value Change Date
Bond Yield0.83-3.04 %Jan 01
Exchange Rate1.33-0.35 %Jan 01

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