Industrial production in the United Kingdom rose 1.3 percent year-on-year in March of 2019, up from a 0.4 percent increase in the previous month and above market expectations of a 0.5 percent gain. On a monthly basis, industrial activity went up 0.7 percent, following a 0.6 percent increase in February. On a quarterly basis, industrial production advanced 3.6% over the previous year, after a 2.2% gain in the last quarter of 2018. Industrial Production in the United Kingdom averaged 0.85 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 0.90 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 1.50 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.