Industrial production in the UK fell 1.8 percent from a year earlier in August 2019, following an upwardly revised 1.1 percent decline in the previous month and compared with market forecasts of a 0.9 percent decrease. Output dropped further for manufacturing (-1.7 percent compared to -0.9 percent in July); mining & quarrying (-7.5 percent compared to -5.9 percent) and electricity, gas, steam & air conditioning (-1.1 percent compared to -0.4 percent). On the other hand, production of water supply, sewerage & waste management rose 0.4 percent, rebounding from a 0.4 percent fall in July. On a monthly basis, industrial output went down 0.6 percent, after a 0.1 percent gain in the prior month. Industrial Production in the United Kingdom averaged 0.87 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.
Industrial Production 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. Looking forward, we estimate Industrial Production in the United Kingdom to stand at 1.30 in 12 months time. In the long-term, the United Kingdom Industrial Production is projected to trend around 1.70 percent in 2020, according to our econometric models.