Industrial production in the UK dropped by 0.9% from a month earlier in June of 2022, reversing from an upwardly revised 1.3% gain in the prior month and compared to market forecasts of a 1.3% fall. It marks the steepest decline in industrial activity since June 2021, due to a decrease in both mining & quarrying (-1.8% vs 1.1%) and manufacturing (-1.6% vs 1.7% in May), namely rubber and plastic products (-6.2%), basic metals (-3.1%) and chemical products (-5.5%). Meanwhile, output of electricity, gas, steam and air conditioning continued to grow (3.1% vs 0.6%), amid a rebound in water supply (0.5% vs -0.5%). Output remained below the February 2020 pre-coronavirus pandemic levels. source: Office for National Statistics
Industrial Production Mom in the United Kingdom averaged 0.12 percent from 1968 until 2022, reaching an all time high of 11.10 percent in June of 2020 and a record low of -20.80 percent in April of 2020. This page provides the latest reported value for - United Kingdom Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
Industrial Production Mom 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. In the long-term, the United Kingdom Industrial Production MoM is projected to trend around 0.50 percent in 2023 and 0.40 percent in 2024, according to our econometric models.