Manufacturing output in the UK rose by 0.1 percent month-over-month in July 2022, compared with market consensus of a 0.4 percent growth and after a 1.6 percent gain a month earlier. Production bounced back for machinery and equipment (3.3% vs -0.8% in June), wood & paper products & printing (2.4% vs -3.8%), basic metals and metals products (0.8% vs -3.1%), textiles (0.5% vs -2.5%), and rubber and plastic products and non-metallic mineral products (0.1% vs -6.2%). Meantime, output slowed for computer, electronic and optical products (1.4% vs 3.7%), transport equipment (1.3% vs 2.4%). On a yearly basis, manufacturing production rose by 1.1% in July, missing consensus of 1.6% and after a 1.3% increase in June. source: Office for National Statistics
Manufacturing Production MoM in the United Kingdom averaged 0.12 Percent from 1968 until 2022, reaching an all time high of 12.30 Percent in June of 2020 and a record low of -25.80 Percent in April of 2020. This page includes a chart with historical data for the United Kingdom Manufacturing Production MoM. United Kingdom Manufacturing Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Manufacturing Production MoM in the United Kingdom is expected to be -1.10 Percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Manufacturing Production MoM is projected to trend around 0.30 Percent in 2023 and 0.40 Percent in 2024, according to our econometric models.