Industrial production in the United Kingdom surged 5.2 percent month-over-month in July of 2020, marking the third straight month of growth after a record plunge in April and beating market forecast of 4 percent. Manufacturing provided the largest contribution, rising 6.3 percent and there were also rises from electricity and gas (2.7 percent), water and waste (2.4 percent) and mining and quarrying (0.7 percent). Still, industrial production remains 7 percent below February of 2020, before the coronavirus pandemic.
Industrial Production Mom in the United Kingdom averaged 0.07 percent from 1968 until 2020, reaching an all time high of 9.70 percent in March of 1972 and a record low of -20.40 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 September of 2020. source: Office for National Statistics
Industrial Production Mom in the United Kingdom is expected to be 0.50 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 0.80 in 12 months time. In the long-term, the United Kingdom Industrial Production MoM is projected to trend around 1.00 percent in 2021 and 0.40 percent in 2022, according to our econometric models.