Industrial production in the UK surged 1.2% mom in July of 2021, rebounding from a 0.7% drop in June and well above market forecasts of a 0.4% increase. Mining and quarrying; extraction of crude petroleum and natural gas recorded the biggest increase (21.9%) because of some pipelines re-opening after a period of closure for maintenance. In contrast, manufacturing remained flat as a rise of 5.9% in manufacture of transport equipment was offset by a fall of 4.3% in manufacture of machinery and equipment. In addition, utilities output shrank 0.9% while water supply and waste management edged up 0.35. In July, industrial output was 2.1% below its February 2020 level, the last month of normal trading conditions prior to the coronavirus pandemic. 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 September of 2021.
Industrial Production Mom in the United Kingdom is expected to be 0.70 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 0.70 percent in 2022 and 0.40 percent in 2023, according to our econometric models.