U.K. industrial production likely to have grown slightly in September, economy to expand in coming quarters

Industrial production in the U.K. has decelerated in 2017 along with the remainder of the economy. Uncertainty linked with Brexit has not only constrained capital spending, but also the rise in inflation has eroded growth in real income that has depressed consumer spending growth.

Both factors had contributed to the deceleration in the U.K. industrial production growth. According to the consensus, the industrial production is likely to have risen slightly in September after its modest rise in August. In the third quarter of this year, U.K.’s real GDP has risen at an annualized pace of 1.6 percent.

“We look for the British economy to continue to expand in coming quarters, but acknowledge that uncertainties associated with Brexit cloud the outlook”, said Wells Fargo in a research report.

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