Industrial production in the United Kingdom fell 1.8 percent year-on-year in December of 2019, following an upwardly revised 2.5 percent drop in November and worse than market expectations of a 0.8 percent decrease. It marks the 9th straight month of annual declines in industrial output. Considering full 2019, production shrank 1.3 percent, the largest annual fall since 2012, led by a 1.5 percent contraction in manufacturing. United Kingdom Industrial Production - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Industrial Production in the United Kingdom averaged 0.86 percent from 1969 until 2019, reaching an all time high of 22.60 percent in February of 1973 and a record low of -12 percent in December of 1980. 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. source: Office for National Statistics
Industrial Production in the United Kingdom is expected to be 1.50 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 1.60 in 12 months time. In the long-term, the United Kingdom Industrial Production is projected to trend around 1.70 percent in 2021, according to our econometric models.