Industrial production in the United Kingdom fell 6.3 percent year-on-year in September of 2020, following a 6.4 percent drop in August. It marks the 18th straight decline in industrial production, but the smallest since the coronavirus pandemic started. Manufacturing went down 7.9 percent, mining and quarrying 9.9 percent and oil and gas extraction 11 percent. On the other hand, electricity, gas, steam and air conditioning rose 1.5 percent and water supply, sewerage and waste management gained 1.1 percent. source: Office for National Statistics
Industrial Production in the United Kingdom averaged 0.70 percent from 1969 until 2020, reaching an all time high of 22.70 percent in February of 1973 and a record low of -23.70 percent in April of 2020. This page provides the latest reported value for - United Kingdom Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Industrial Production in the United Kingdom is expected to be -5.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in the United Kingdom to stand at 5.10 in 12 months time. In the long-term, the United Kingdom Industrial Production is projected to trend around 5.00 percent in 2021 and 2.00 percent in 2022, according to our econometric models.