Industrial production in the United Kingdom showed no growth from the previous year in September of 2018, following a downwardly revised 1 percent rise in the previous month and against market expectations of a 0.4 percent gain. Production slowed for manufacturing (0.5 percent from 1.3 percent in August) and water supply, sewerage and waste management (0.2 percent from 1 percent). Additionally, output fell for mining and quarrying (-1.8 percent from 2.1 percent) and declined faster for electricity, gas, steam and air conditioning (-1.8 percent from -0.9 percent). Industrial Production in the United Kingdom averaged 0.86 percent from 1969 until 2018, reaching an all time high of 22.70 percent in February of 1973 and a record low of -11.90 percent in December of 1980.
Industrial Production in the United Kingdom is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in the United Kingdom to stand at 2.20 in 12 months time. In the long-term, the United Kingdom Industrial Production is projected to trend around 2.20 percent in 2020, according to our econometric models.