Research Briefing | Mar 30, 2021

Vaccine raises UK growth hopes, but industrial activity to be buffeted by Brexit

UK sector outlook Q1 2021

Our latest UK sector forecasts show that we expect services will outpace industrial production this year, in contrast to the sector dynamics other advanced economies.

What you will learn:

  • The weakness in industry primarily reflects the impact of the end of the Brexit transition period.
  • The UK-EU FTA will keep trade tariff- and quota-free for qualifying goods. But the new relationship has still introduced customs and regulatory barriers that will weigh on the competitiveness of industry.
  • Export-orientated and highly-regulated sectors such as autos and chemicals respectively will be among the worst hit.

    If you wish to view more charts, please request a free trial here.

Back to Resource Hub

Related Services

China Shenzhen skyline

Post

Why China isn’t about to save the world economy

The earlier and faster than expected ending of zero-Covid restrictions in China bodes well for the global economy and adds to the recent run of positive news.

Find Out More

Post

Inflation – not past the peak and easing will be gradual for France

France has dodged soaring price pressures better than its eurozone peers, but we think its inflation will fall more slowly.

Find Out More