Industrial production in the UK dropped 0.9 percent from a month earlier in July of 2019, following a 0.6 percent fall in the previous month and compared with market expectations of a 1.1 percent decline. Output fell for manufacturing (-0.6 percent vs -1.4 percent in June); mining & quarrying (-1.6 percent vs 2.8 percent) and electricity, gas, steam & air conditioning (-3.4 percent vs 1.8 percent). On the other hand, output rebounded for water supply (0.8 percent vs -0.1 percent). Industrial Production in the United Kingdom averaged 0.84 percent from 1969 until 2019, 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 0.80 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 1.40 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.