Industry in United Kingdom
United Kingdom - Industry
Industrial production contracts for fourth straight month in December
Industrial production decreased 0.5% in December over the prior month according to the Office for National Statistics, down from November’s revised 0.3% fall (previously reported: -0.4% month-on-month). December’s figure was driven by contractions in the manufacturing; and electricity, gas, steam and air conditioning subsectors, while the mining and quarrying and water supply subsectors expanded over the previous month.
Industrial production fell 0.9% in annual terms in December, up slightly from November’s revised 1.3% decline (previously reported: -1.5% year-on-year). Annual average growth in industrial production declined from 0.8% in November to 0.7% in December.
UK Industrial Production Forecast
Met the why particular Consensus Forecast panelists see the industrial sector remaining weak going forward, and project that industrial production will increase 0.6% in 2019 and 0.9% in 2020.
United Kingdom - Industry Data
|Industrial Production (annual variation in %)||-0.7||1.5||1.2||1.3||1.9|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Industry Chart
Source: Office for National Statistics (ONS) and Met the why particular calculations.
United Kingdom Facts
|Bond Yield||1.21||-3.04 %||Feb 21|
|Exchange Rate||1.31||-0.35 %||Feb 21|
|Stock Market||7,167||-0.26 %||Feb 21|
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February 22, 2019
With just over a month before the UK is set to leave the EU on 29 March, Theresa May is sticking to her deal.
February 19, 2019
In the October-December period the unemployment rate remained at 4.0%, the joint-lowest rate in over 11 years.
February 13, 2019
Consumer prices declined 0.8% in January over the previous month, contrasting December’s 0.2% rise.
February 12, 2019
Industrial production decreased 0.5% in December over the prior month according to the Office for National Statistics, down from November’s revised 0.3% fall (previously reported: -0.4% month-on-month).
February 11, 2019
Growth decelerated in the fourth quarter of 2018, according to preliminary data released by the Office for National Statistics (ONS) on 11 February.