Manufacturing production in the United Kingdom fell 2.5 percent year-on-year in December of 2019, following an upwardly revised 3.3 percent drop in November which was the worst decline since February of 2013. It marks the 9th straight month of annual declines in factory activity and compares with market expectations of a smaller 1 percent fall. On a monthly basis, manufacturing production rose 0.3 percent, led by a 3.2 percent surge in transport equipment, where the motor vehicles, trailers and semi-trailers industry (5 percent) displayed a partial bounceback following the strong impact from factory shutdowns during November 2019. Considering full 2019, manufacturing shrank 1.5 percent, the largest annual fall since 2009, led by a 6.2 percent contraction in transport equipment.
Manufacturing Production in the United Kingdom averaged 0.57 percent from 1969 until 2019, reaching an all time high of 19.60 percent in February of 1973 and a record low of -16.90 percent in December of 1980. This page provides the latest reported value for - United Kingdom Manufacturing Production - 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
Manufacturing Production in the United Kingdom is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Production in the United Kingdom to stand at 1.20 in 12 months time. In the long-term, the United Kingdom Manufacturing Production is projected to trend around 1.40 percent in 2021, according to our econometric models.