Manufacturing production in the UK unexpectedly edged down 0.2 percent from a month earlier in March of 2022, after an upwardly revised 0.6 percent drop in February and compared to market expectations of a flat reading. Production fell in 6 out of 13 sub-sectors, mostly in manufacturing of pharmaceuticals (-5.4 percent vs 8.4 percent in February) and manufacturing of chemicals and chemical products (-3.5 percent vs -5.7 percent). The downturn was partially offset by manufacturing of coke and refined petroleum products (5.7 percent vs 3.9 percent). Manufacturing output remained 1.0 percent below the February 2020 pre-coronavirus pandemic levels. source: Office for National Statistics
Manufacturing Production MoM in the United Kingdom averaged 0.12 Percent from 1968 until 2022, reaching an all time high of 12.30 Percent in June of 2020 and a record low of -25.80 Percent in April of 2020. This page includes a chart with historical data for the United Kingdom Manufacturing Production MoM. United Kingdom Manufacturing Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
Manufacturing Production MoM in the United Kingdom is expected to be -0.30 Percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Manufacturing Production MoM is projected to trend around 0.30 Percent in 2023 and 0.40 Percent in 2024, according to our econometric models.