Industry in United Kingdom
United Kingdom - Industry
Industrial production stagnates in September
Industrial production was flat in September over the prior month according to the Office for National Statistics, matching August’s revised figure (previously reported: +0.2% month-on-month). The result was driven by growth in the manufacturing sub-sector, which was offset by contractions in the electricity, gas, steam and air conditioning; water supply, sewerage and waste management; and mining and quarrying sub-sectors.
Industrial production was flat in annual terms in September, down from August’s revised 1.0% figure (previously reported: +1.3% year-on-year). Annual average growth in industrial production declined from 1.7% to 1.4%.
UK Industrial Production Forecast
Met the why particular Consensus Forecast panelists project that industrial production will increase 1.1% in 2019 and 1.2% 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||1.52||-3.04 %||Nov 13|
|Exchange Rate||1.30||-0.35 %||Nov 13|
|Stock Market||7,054||-0.26 %||Nov 13|
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November 13, 2018
In the July-September period the unemployment rate unexpectedly increased to 4.1%, due to employment growth failing to keep up with the increase in the size of the labor market.
November 9, 2018
Growth accelerated in the third quarter of 2018, according to preliminary data released by the Office for National Statistics (ONS) on 9 November.
November 9, 2018
Industrial production was flat in September over the prior month according to the Office for National Statistics, matching August’s revised figure (previously reported: +0.2% month-on-month).
November 5, 2018
Growth in the UK services sector lost some steam in October, with the IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) dipping to 52.2 from 53.9 in September.
November 1, 2018
At its meeting ending on 31 October, the Monetary Policy Committee (MPC) of the Bank of England (BoE) voted unanimously to keep the Bank Rate unchanged at 0.75%.