Industry in United Kingdom
United Kingdom - Industry
Industrial production contracts in October
Industrial production decreased 0.6% in October over the prior month according to the Office for National Statistics, down from September’s flat reading. October’s figure was driven by contractions in the manufacturing; electricity, gas, steam and air conditioning; and water supply sectors, while the mining and quarrying sector expanded.
Industrial production fell 0.8% in annual terms in October, down from September’s flat reading. Annual average growth in industrial production declined from 1.4% in September to 1.0% in October.
FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.1% in 2019 and 1.0% in 2020.
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 | 1.20 | -3.04 % | Dec 11 |
| Exchange Rate | 1.25 | -0.35 % | Dec 11 |
| Stock Market | 6,807 | -0.26 % | Dec 11 |
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Economic News
United Kingdom: Wage growth highest since 2008; unemployment rate remains low
December 11, 2018
In the August-October period the unemployment rate remained at a near multi-decade low of 4.1%.
United Kingdom: The economy loses steam in the three months to October
December 10, 2018
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity rose 0.1% in October over the prior month in seasonally-adjusted terms, up from September’s flat reading.
United Kingdom: Industrial production contracts in October
December 10, 2018
Industrial production decreased 0.6% in October over the prior month according to the Office for National Statistics, down from September’s flat reading.
United Kingdom: Services growth slips in November, manufacturing growth mild
December 5, 2018
Growth in the UK services sector declined notably in November, with the IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) droppng from 52.2 in October to 50.4, markedly undershooting analysts’ expectations.
United Kingdom: Housing market remains tepid in November
November 30, 2018
According to the Nationwide Building Society (NBS), house prices in the United Kingdom increased 0.3% in November compared to the previous month in seasonally adjusted terms, up from October’s flat reading.
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