Industrial production in the UK edged down 0.1 percent from a month earlier in June of 2019, after a downwardly revised 1.2 percent rise in the previous month and slightly less than market expectations of a 0.2 percent drop. Output fell for manufacturing (-0.2 percent from 1.4 percent in May), namely coke & refined petroleum products (-4.4 percent); chemicals & chemical products (-0.1 percent); basic metals & metal products (-2.8 percent); computer, electronic & optical products (-3.5 percent) and other manufacturing (-1.9 percent). In addition, production slowed for electricity, gas, steam & air conditioning (0.3 percent from 0.8 percent); water supply (0.3 percent from 1.2 percent) and mining & quarrying (0.1 percent from 0.5 percent). On a yearly basis, industrial output decreased 0.6 percent, down from a downwardly revised 0.5 percent gain in May. Industrial Production Mom in the United Kingdom averaged 0.07 percent from 1968 until 2019, reaching an all time high of 9.90 percent in March of 1972 and a record low of -8 percent in February of 1972.
Industrial Production Mom in the United Kingdom is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in the United Kingdom to stand at -0.60 in 12 months time. In the long-term, the United Kingdom Industrial Production MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.