Industry in United Kingdom

United Kingdom Industry | Economic News & Forecasts

United Kingdom - Industry

Industrial production falls in May

Industrial production fell 0.4% in May over the prior month according to the Office for National Statistics, up slightly from April’s revised 1.0% decline (previously reported: -0.8% month-on-month). The result was driven by a sharp contraction in the mining and quarrying sub-sector—due to a shutdown at an oil and gas terminal—and a decline in the electricity, gas, steam and air conditioning sub-sector, on warmer-than-average temperatures. In contrast, the manufacturing grew following several months in contractionary territory, while the water supply, sewerage and waste management sub-sector also expanded month-on-month.

Industrial production increased 0.8% year-on-year in May, down from April’s revised 1.6% increase (previously reported: +1.8% year-on-year). Annual average growth in industrial production was unchanged at 2.1% in May.

Met the why particular Consensus Forecast panelists project that industrial production will increase 1.7% in 2018 and 1.3% in 2019.

United Kingdom - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-0.7  1.5  1.2  1.3  1.9  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

United Kingdom Industry Chart


United Kingdom Industry
Note: Annual variation of industrial production in %.
Source: Office for National Statistics (ONS) and Met the why particular calculations.

United Kingdom Facts

ValueChangeDate
Bond Yield1.27-3.04 %Jul 13
Exchange Rate1.32-0.35 %Jul 13
Stock Market7,662-0.26 %Jul 13

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form