Industrial production in the UK fell 4.9 percent year-on-year in January of 2021, the 22nd decline in a row and worse than forecasts of a 4.9 percent fall. The UK remained under a coronavirus lockdown in January. Manufacturing sank 5.2 percent, mining and quarrying 14.4 percent, utilities 0.9% and oil and gas extraction 16.4 percent. In contrast, water supply and sewerage increased 1 percent. source: Office for National Statistics
Industrial Production in the United Kingdom averaged 0.66 percent from 1969 until 2021, reaching an all time high of 22.70 percent in February of 1973 and a record low of -24.50 percent in April of 2020. This page provides the latest reported value for - United Kingdom Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Industrial Production in the United Kingdom is expected to be 1.50 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 5.00 in 12 months time. In the long-term, the United Kingdom Industrial Production is projected to trend around 2.60 percent in 2022 and 2.40 percent in 2023, according to our econometric models.