Manufacturing production in the United Kingdom declined 1.7 percent from a year earlier in August 2019, following an upwardly revised 0.9 percent decrease in the prior month and compared with market forecasts of a 0.7 percent fall. It was the fifth consecutive monthly decline in manufacturing activity, as output dropped further for coke & refined petroleum products (-15.9 percent vs 5.8 percent in July); basic metals & metal products (-2.8 percent vs -1.2 percent); machinery & equipment (-6.8 percent vs -5 percent); food, beverages & tobacco (-1.5 percent vs -1.1 percent); and transport equipment (-4.3 percent vs -3.5 percent). Additionally, production of computer, electronic & optical products fell (-0.3 percent vs 1.3 percent) and output growth slowed for electrical equipment (1 percent vs 5.2 percent); and basic pharmaceutical products & preparations (8.9 percent vs 17.5 percent). Manufacturing Production in the United Kingdom averaged 0.58 percent from 1969 until 2019, reaching an all time high of 19.60 percent in February of 1973 and a record low of -16.90 percent in December of 1980.
Manufacturing Production in the United Kingdom is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Production in the United Kingdom to stand at 0.90 in 12 months time. In the long-term, the United Kingdom Manufacturing Production is projected to trend around 1.40 percent in 2020, according to our econometric models.