Industrial production in the UK unexpectedly shrank 1.3 percent month-over-month in April of 2021, the first drop in three months and compared to forecasts of a 1.2 percent rise. Decreases were seen for mining and quarrying (-15 percent), due to planned temporary closures for maintenance of oil field production sites, manufacturing (-0.3 percent) and water supply and sewerage (-0.9 percent), partially offset by a rise in electricity and gas of 0.5 percent. Industrial output was 3.1 percent below its February 2020 level, the last month of "normal" trading conditions prior to the coronavirus (COVID-19) pandemic. source: Office for National Statistics
Industrial Production Mom in the United Kingdom averaged 0.07 percent from 1968 until 2021, reaching an all time high of 10.60 percent in June of 2020 and a record low of -19.80 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 June of 2021.
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. Looking forward, we estimate Industrial Production Mom in the United Kingdom to stand at 0.80 in 12 months time. In the long-term, the United Kingdom Industrial Production MoM is projected to trend around 0.70 percent in 2022 and 0.40 percent in 2023, according to our econometric models.