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.