Manufacturing production in the United Kingdom increased 0.6 percent year-on-year in February of 2019, recovering from a 0.7 percent fall in the previous month and compared with market expectations of a 0.7 percent decline. It was the first gain in the factory activity since August of 2018, as output rebounded for electrical equipment (3.1 percent from -1.1 percent in January). In addition, production advanced faster for textiles, wearing apparel & leather products (8.0 percent from 3.2 percent); food, beverages & tobacco (4.1 percent from 3.5 percent); coke & refined petroleum products (9.4 percent from 5.1 percent); rubber & plastic products (5.6 percent from 2.4 percent) and computer, electronic & optical products (4.8 percent from 1 percent). Manufacturing Production in the United Kingdom averaged 0.61 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 0.70 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 1.10 in 12 months time. In the long-term, the United Kingdom Manufacturing Production is projected to trend around 2.00 percent in 2020, according to our econometric models.