Industrial production in the UK increased 0.9 percent from a year earlier in May of 2019, rebounding from a 1.1 percent fall in the previous month and missing market expectations of a 1.1 percent rise. Output rebounded for mining & quarrying (4 percent from -0.7 percent) and electricity, gas, steam & air conditioning supply (3.6 percent from -3.8 percent). At the same time, water supply production advanced 1.8 percent (from 1.9 percent) and manufacturing output showed no growth, after a 1 percent fall in April. On a monthly basis, industrial output climbed 1.4 percent. Industrial Production in the United Kingdom averaged 0.84 percent from 1969 until 2019, reaching an all time high of 22.70 percent in February of 1973 and a record low of -11.90 percent in December of 1980.
Industrial Production in the United Kingdom is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in the United Kingdom to stand at 1.40 in 12 months time. In the long-term, the United Kingdom Industrial Production is projected to trend around 2.20 percent in 2020, according to our econometric models.