Manufacturing production in the United Kingdom dropped 0.8 percent from a year earlier in April 2019, following a 2.6 percent growth in the previous month and missing market expectations of 2.2 percent increase. Output declined mostly for: transport equipment (-13.3 percent vs -0.6 percent in March); machinery and equipment (-7.0 percent vs -7.3 percent); basic metals and metals products (-2.6 percent vs -1 percent); and coke and refined petroleum products (-2.8 percent vs 4.0 percent). Manufacturing Production in the United Kingdom averaged 0.61 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 0.70 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 1.10 in 12 months time. In the long-term, the United Kingdom Manufacturing Production is projected to trend around 2.00 percent in 2020, according to our econometric models.