Industrial production in the United Kingdom slumped 1.2 percent month-over-month in November of 2019, following an upwardly revised 0.4 percent rise in October and compared to market expectations of a 0.1 percent fall. it is the biggest fall in industrial output since April 2019. Manufacturing dropped 1.7 percent and made the biggest downward contribution, mainly due to transport equipment (-3.4 percent), chemicals and chemical products (-4.7 percent) and food, beverages and tobacco (-1.8 percent). Water supply, sewerage and waste management also declined (-0.3 percent), while mining and quarrying (1.3 percent) and oil and gas extraction (1.7 percent) rebounded. Electricity, gas, steam and air conditioning edged up 0.1 percent. Industrial Production Mom in the United Kingdom averaged 0.08 percent from 1968 until 2019, reaching an all time high of 9.70 percent in March of 1972 and a record low of -7.80 percent in February of 1972. source: Office for National Statistics
Industrial Production Mom in the United Kingdom is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in the United Kingdom to stand at 0.50 in 12 months time. In the long-term, the United Kingdom Industrial Production MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.