Industrial production in the UK increased 0.7% month-on-month in March 2023, recovering from two consecutive declines, a downwardly revised 0.1% fall in February and 0.3% drop in January. The latest figure also beat stagnant market expectations, as output rebounded for electricity, gas, steam & air conditioning (1.1% vs -1.3% in February) and water supply (1.7% vs -1.4%). At the same time, production rose further for manufacturing (0.7% vs 0.1%), while output for mining & quarrying declined (-1.4% vs 2.4%). On a yearly basis, industrial production went down 2%, following a downwardly revised 2.7% decrease in the previous month and compared to market estimates of a 2.9% fall. source: Office for National Statistics

Industrial Production Mom in the United Kingdom averaged 0.15 percent from 1950 until 2023, reaching an all time high of 11.60 percent in June of 2020 and a record low of -18.20 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 June of 2023.

Industrial Production Mom in the United Kingdom is expected to be 0.10 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 0.60 percent in 2024 and 0.40 percent in 2025, according to our econometric models.

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United Kingdom Industrial Production MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-04-13 06:00 AM Feb -0.2% -0.5% 0.2% 0.2%
2023-05-12 06:00 AM Mar 0.7% -0.1% 0% 0.2%
2023-06-14 06:00 AM Apr 0.7% 0.1%


Related Last Previous Unit Reference
Industrial Production Mom 0.70 -0.10 percent Mar 2023
Industrial Production -2.00 -2.70 percent Mar 2023
Manufacturing Production -1.30 -1.90 percent Mar 2023
New Orders 11151.00 12879.00 GBP Million Mar 2023
Changes in Inventories -5345.00 1538.00 GBP Million Mar 2023
Corporate Profits 159494.00 154087.00 GBP Million Mar 2023
Mining Production -11.60 -9.80 percent Mar 2023
Leading Economic Index 0.10 0.10 percent Mar 2023
Private Investment 0.70 -0.20 percent Mar 2023

United Kingdom Industrial Production MoM
In the United Kingdom, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 70 percent of total production. The biggest segments within Manufacturing are: Food, drink and tobacco (11 percent of total production); transport equipment (9 percent); basic metals (8 percent); other manufacturing and repair (6 percent); pharmaceutical products and preparations (6 percent); and rubber and plastic products and non-metallic mineral products (6 percent). Mining and quarrying account for 12 percent of production, as oil and gas extraction accounts for 10 percent. Electricity, gas, steam and air conditioning account for 11 percent of total output and water supply, sewerage and waste management account for 8 percent.
Actual Previous Highest Lowest Dates Unit Frequency
0.70 -0.10 11.60 -18.20 1950 - 2023 percent Monthly
Constant Prices 2016=100, SA

News Stream
UK Industrial Output Recovers in March
Industrial production in the UK increased 0.7% month-on-month in March 2023, recovering from two consecutive declines, a downwardly revised 0.1% fall in February and 0.3% drop in January. The latest figure also beat stagnant market expectations, as output rebounded for electricity, gas, steam & air conditioning (1.1% vs -1.3% in February) and water supply (1.7% vs -1.4%). At the same time, production rose further for manufacturing (0.7% vs 0.1%), while output for mining & quarrying declined (-1.4% vs 2.4%). On a yearly basis, industrial production went down 2%, following a downwardly revised 2.7% decrease in the previous month and compared to market estimates of a 2.9% fall.
2023-05-12
UK Industrial Output Drops for 2nd Month
Industrial production in the UK fell 0.2% month-on-month in February 2023, marking its second consecutive drop after an upwardly revised 0.5% decrease in January. The latest figure also missed market expectations of a 0.2% growth, as output declined further for electricity, gas, steam & air conditioning (-2.2% vs -1.9% in January) and water supply (-1.3% vs -0.1%). At the same time, production stalled for manufacturing, while output rebounded sharply for mining & quarrying (3% vs 3.1%). On a yearly basis, industrial production went down 3.1%, following a downwardly revised 3.2% fall in the previous month and less than market forecasts of a 3.7% drop.
2023-04-13
UK Industrial Output Falls in January
Industrial production in the UK fell 0.3% month-on-month in January 2023, shifting from a 0.3% growth in December and slightly more than market forecasts of a 0.1% drop. It was the first contraction since August 2022, as output decreased for manufacturing (0.4% vs 0% in December) and mining & quarrying (-2.2% vs -4.6%). In addition, production rose at a softer rate for both electricity, gas, steam & air conditioning (0.5% vs 5.2%) and water supply (0.6% vs 0.7%). On a yearly basis, industrial output contracted 4.3%, slightly more than market estimates and December’s fall of 4%.
2023-03-10