Industrial production in the United Kingdom fell by a record 20.3 percent between March and April 2020, with manufacturing providing the largest downward contribution, falling by a record 24.3 percent. There were also falls from mining and quarrying (-12.2 percent), electricity and gas (-9.5 percent) and water and waste (-5.3 percent). Government restrictions on movement to stop the spread of the coronavirus dramatically reduced economic activity as many businesses and stores were closed. The monthly decrease of 24.3 percent in manufacturing output was led by transport equipment, which went down by a record 50.2 percent, with motor vehicles, trailers and semi-trailers sinking by a record 90.3 percent.
Industrial Production Mom in the United Kingdom averaged 0.03 percent from 1968 until 2020, reaching an all time high of 9.70 percent in March of 1972 and a record low of -20.30 percent in April of 2020. This page provides the latest reported value for - United Kingdom Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Office for National Statistics
Industrial Production Mom in the United Kingdom is expected to be 3.20 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 1.50 in 12 months time. In the long-term, the United Kingdom Industrial Production MoM is projected to trend around 1.00 percent in 2021 and 0.40 percent in 2022, according to our econometric models.