Manufacturing production in the United Kingdom dropped 0.6 percent from a year earlier in July of 2019, following a 1.4 percent fall in the previous month and compared with market expectations of a 1.1 percent decline. It is the fourth straight monthly decline in manufacturing activity, as production continued to fall for basic metals & metal products (-1.2 percent vs -1.8 percent); machinery & equipment (-4.3 percent vs -4.6 percent); other manufacturing & repair (-3.2 percent vs -4.1 percent); wood & paper products (-5 percent vs -2.8 percent); chemicals & chemical products (-5.7 percent vs -1.3 percent); transport equipment (-3.8 percent vs -2.8 percent); food, beverages & tobacco (-0.2 percent, the same as in June) and rubber & plastic products (-0.6 percent, the same as in June). On the other hand, output rebounded for coke & refined petroleum products (1 percent vs -3.3 percent) and basic pharmaceutical products (12 percent vs -3.8 percent). Manufacturing Production in the United Kingdom averaged 0.60 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.
Manufacturing Production in the United Kingdom is expected to be 0.50 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 1.00 in 12 months time. In the long-term, the United Kingdom Manufacturing Production is projected to trend around 1.40 percent in 2020, according to our econometric models.