Industrial production in the UK fell by 0.2% from a month earlier in November of 2022, following an upwardly revised 0.1% contraction in the prior month and compared to market expectations of a 0.3% drop. Declines were seen for electricity, gas, steam & air conditioning (-0.4% vs -3% in October) and manufacturing (-0.5% vs 0.7%), namely pharmaceutical products (-4.3% vs 8.6%) and rubber & plastic products (-1.5% vs 0.9%). Meantime, production rose faster for water supply (0.2% vs -1.7%) and mining & quarrying (2.8% vs -0.3%). On a yearly basis, industrial output dropped by 5.1%, following an upwardly revised 4.7% fall in October, and worse than market consensus of a 3% decline. source: Office for National Statistics
Industrial Production Mom in the United Kingdom averaged 0.10 percent from 1968 until 2022, reaching an all time high of 11.10 percent in June of 2020 and a record low of -20.80 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 January of 2023.
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. In the long-term, the United Kingdom Industrial Production MoM is projected to trend around 0.50 percent in 2024 and 0.40 percent in 2025, according to our econometric models.