Manufacturing production in the United Kingdom declined 1.4% from a year earlier in June of 2019, after a revised 0.2% decrease in the previous month and compared with market expectations of a 1.1% fall. It is the third straight monthly decline in manufacturing activity. Production continued to fall for wood & paper products (-2.8% vs -3.1% in May); chemicals & chemical products (-1.3% vs -0.3%); basic pharmaceutical products (-3.8% vs -1.2%); machinery & equipment nes (-4.6% vs -5.1%); transport equipment (-2.8% vs -5.4%) and other (-4.1% vs -1.5%). In addition, output declined for coke & refined petroleum products (-3.3% vs 4.1%); food, beverages & tobacco (-0.2% vs 1%); rubber & plastic products (-0.6% vs 2.2%) and basic metals & metal products (-1.8% vs 3.3%). On a monthly basis, manufacturing production edged down 0.2%, after a 1.4% rise in May. Manufacturing Production in the United Kingdom averaged 0.60 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 0.50 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 1.00 in 12 months time. In the long-term, the United Kingdom Manufacturing Production is projected to trend around 1.20 percent in 2020, according to our econometric models.