Industrial production in the United Kingdom edged up 0.1 percent month-over-month in December of 2019, following a downwardly revised 1.1 percent drop in November and below market expectations of a 0.3 percent gain. The largest upward contribution came from manufacturing, which rose 0.3 percent, boosted by a 3.2 percent jump in transport equipment. Yet, production in motor vehicles, trailers and semi-trailers industry surged 5 percent, following the strong impact from factory shutdowns during November. Water and waste also increased 1 percent. On the other hand, production in mining and quarrying fell 2.7 percent and the output for utility and gas went down 1.2 percent. Considering Q4, total production declined 0.8 percent compared with the previous quarter, led by a 1.1 percent drop in factory output. Considering full 2019, production shrank 1.3 percent, the largest annual fall since 2012, led by a 1.5 percent contraction in manufacturing.
Industrial Production Mom in the United Kingdom averaged 0.07 percent from 1968 until 2019, reaching an all time high of 9.70 percent in March of 1972 and a record low of -7.80 percent in February of 1972. 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. source: Office for National Statistics
Industrial Production Mom in the United Kingdom is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in the United Kingdom to stand at 0.50 in 12 months time. In the long-term, the United Kingdom Industrial Production MoM is projected to trend around 0.40 percent in 2021, according to our econometric models.