Manufacturing production in the UK soared 39.7 percent year-on-year in April of 2021, a record growth rate after a record 30.3 percent fall last year when the coronavirus pandemic hit the economy hard. Figures compare with market forecasts of 41.8 percent. On a monthly basis, industrial output unexpectedly dropped 0.3 percent, led by a fall of 16 percent in the manufacture of basic pharmaceutical products and pharmaceutical preparations. source: Office for National Statistics
Manufacturing Production in the United Kingdom averaged 0.42 percent from 1969 until 2021, reaching an all time high of 39.70 percent in April of 2021 and a record low of -30.30 percent in April of 2020. 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. United Kingdom Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Manufacturing Production in the United Kingdom is expected to be 19.00 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 4.50 in 12 months time. In the long-term, the United Kingdom Manufacturing Production is projected to trend around 3.60 percent in 2022 and 2.00 percent in 2023, according to our econometric models.