Tuesday, March 12, 2019

It's a while since I wrote about the industrial production statistics. Recent months have seen a fall in output in the production sector, and in January this year industrial output was about 0.9% down on the same month a year ago.

The future time path of this series is especially difficult to predict given the uncertainties that still surround Brexit, but - even in the absence of further adverse shocks - my neural network forecaster suggests that the outlook over the next couple of years is subdued.