Industrial production in the UK edged up 0.2 percent month-over-month in December of 2020, following a revised 0.3 percent rise in November and compared to market forecasts of a 0.5 percent gain. Increases in manufacturing (0.3 percent), electricity and gas (0.7 percent), and water supply 0.1 (percent), partially offset a fall in mining and quarrying of (0.9 percent). In December, production was 3.6 percent below February 2020, the previous month of normal trading conditions, prior to the coronavirus pandemic. Considering full 2020, industrial output shrank 8.6 percent, following a 1.2 percent drop in 2019. source: Office for National Statistics
Industrial Production Mom in the United Kingdom averaged 0.07 percent from 1968 until 2020, reaching an all time high of 10.50 percent in June of 2020 and a record low of -19.70 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 February of 2021.
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 1.00 in 12 months time. In the long-term, the United Kingdom Industrial Production MoM is projected to trend around 1.00 percent in 2022 and 0.40 percent in 2023, according to our econometric models.