Industrial Production in the United Kingdom decreased 0.6 percent from a year earlier in June of 2019, down from a downwardly revised 0.5 percent gain in the prior month and above market expectations of a 0.2 percent decline. Output fell for water supply (-0.1 percent from 1.5 percent in May) while manufacturing production dropped further (-1.4 percent from -0.2 percent). Also, mining & quarrying output slowed (2.8 percent from 3.9 percent) and electricty, gas, steam & air conditioning supply went up 1.8 percent, the same as in May. On a monthly basis, industrial production edged down 0.1 percent, after a 1.2 percent rise in the previous month. Industrial Production in the United Kingdom averaged 0.84 percent from 1969 until 2019, reaching an all time high of 22.70 percent in February of 1973 and a record low of -11.90 percent in December of 1980.
Industrial Production in the United Kingdom is expected to be 0.80 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 1.40 in 12 months time. In the long-term, the United Kingdom Industrial Production is projected to trend around 2.20 percent in 2020, according to our econometric models.