Industrial production in the UK edged down 0.1 percent month-over-month in November of 2020, compared to market forecasts of a 0.5 percent gain. It is the first decline in industrial output since a record 19.6 percent plunge in April, as the country was under another lockdown during the month of November to prevent the spread of the coronavirus. The decline was led by falls in mining and quarrying (-3.4 percent), electricity and gas (-2.3 percent) and water and waste (-0.4 percent). In contrast, factory output went up 0.7 percent, led by transport equipment. Production output was 4.7 percent below February of 2020, the previous month of "normal" trading conditions, prior to the coronavirus pandemic. Year-on-year, industrial output sank 4.7 percent. source: Office for National Statistics
Industrial Production Mom in the United Kingdom averaged 0.07 percent from 1968 until 2020, reaching an all time high of 10.80 percent in June of 2020 and a record low of -19.60 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 January of 2021.
Industrial Production Mom 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 Mom in the United Kingdom to stand at 1.00 in 12 months time. In the long-term, the United Kingdom Industrial Production MoM is projected to trend around 1.00 percent in 2022 and 0.40 percent in 2023, according to our econometric models.