Industrial production in the UK expanded 1 percent month-over-month in February of 2021, following an upwardly revised 1.8 percent fall in January and way above market expectations of a 0.5 percent increase. It is the biggest gain in six months, driven by a 1.3 percent rise in manufacturing, namely a 9 percent surge in computer, electronic and optical products. The UK remained under the third national lockdown in February although a mass coronavirus vaccination program was underway. Water supply and sewage (1.4 percent) and electricity and gas (0.5 percent) also increased, partially offsetting a fall in mining and quarrying (-2.1 percent). Year-on-year, industrial output fell 3.5 percent. source: Office for National Statistics
Industrial Production Mom in the United Kingdom averaged 0.07 percent from 1968 until 2021, reaching an all time high of 10.60 percent in June of 2020 and a record low of -19.80 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 May of 2021.
Industrial Production Mom in the United Kingdom is expected to be 0.80 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 0.70 percent in 2022 and 0.40 percent in 2023, according to our econometric models.