Industrial production in the UK rose 0.8% mom in August of 2021, the biggest increase since March and way above market forecasts of a 0.2% rise. The monthly rise was led by an increase of 16% in the mining and quarrying sector which was offset partially by decreases of 2.8% in the electricity and gas sector and 0.8% in water supply and sewerage. Manufacturing increased 0.5%, mainly boosted by manufacture of transport equipment (3.9%), partially offset by a 5.1% fall in manufacture of basic pharmaceutical products and pharmaceutical preparations. Still, industrial production remains 1.3% below its February 2020 level, the last month of "normal" trading conditions prior to the coronavirus pandemic. source: Office for National Statistics
Industrial Production Mom in the United Kingdom averaged 0.09 percent from 1968 until 2021, reaching an all time high of 11.10 percent in June of 2020 and a record low of -20.70 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 October of 2021.
Industrial Production Mom in the United Kingdom is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Industrial Production MoM is projected to trend around 0.70 percent in 2022 and 0.40 percent in 2023, according to our econometric models.