Industrial production in the UK edged up 0.3 percent month-over-month in August of 2020, following a 5.2 percent jump in July and well below market forecasts of a 2.5 percent rise. It is the lowest gain in four months, with manufacturing providing the largest upward contribution, rising by 0.7 percent, and led by other manufacturing and repair. 8 of the 13 manufacturing subsectors showed upward contributions. Production of electricity and gas also rose (1.6 percent), partially offset by a fall in mining and quarrying (4.1 percent). Still, industrial output is 6 percent below February 2020, the previous month of "normal" trading conditions, prior to the coronavirus pandemic.
Industrial Production Mom in the United Kingdom averaged 0.07 percent from 1968 until 2020, reaching an all time high of 9.80 percent in March of 1972 and a record low of -19.60 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 October of 2020. source: Office for National Statistics
Industrial Production Mom in the United Kingdom is expected to be -0.20 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 0.60 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.