Manufacturing production in the United Kingdom fell 1.1 percent year-on-year in November of 2018, following a downwardly revised 0.7 percent decrease in the previous month and above market expectations of a 0.7 percent decline. It is the second consecutive decline as production fell further for textiles, wearing apparel & leather products (-4.8 percent from -2.6 percent in October); basic metals & metal products (-5.3 percent from -2.1 percent); electrical equipment (-10.3 percent from -7.4 percent); machinery & equipment n.e.s. (-3.7 percent from -1.4 percent) and rubber & plastic products & non-metallic mineral products (-1.2 percent from 0.2 percent). Only the production of transport equipment decreased less (-2.8 percent from -6 percent). On a monthly basis, manufacturing output went down 0.3 percent, after a downwardly revised 0.6 percent decrease in October. Manufacturing Production in the United Kingdom averaged 0.62 percent from 1969 until 2018, 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 3.00 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 2.60 in 12 months time. In the long-term, the United Kingdom Manufacturing Production is projected to trend around 2.30 percent in 2020, according to our econometric models.