In November 2024, industrial production in the UK decreased by 0.4% month-over-month, defying expectations for a 0.1% gain, though it represented an improvement over the 0.6% decline seen in October.
UK industrial production falls 0.4% in November
Production in mining and quarrying fell by 1.5%, a smaller decline compared to the previous month’s 2.9% drop, while manufacturing output contracted by 0.3%, an improvement from the 0.6% drop in October. Conversely, production in the electricity, gas, steam, and air-conditioning sector slowed to a 0.2% increase, down from 1.5% in the prior month, and water supply, sewerage, and waste management output declined by 0.3%, reversing a 0.5% increase in October.
UK industrial production declines 1.8% YoY in November
On an annual basis, industrial production dropped by 1.8% in November, following an upwardly revised 1.1% fall in October, surpassing market expectations of a 1% decrease. These figures highlight ongoing challenges in the industrial sector amid broader economic uncertainties.
