Manufacturing production in the United Kingdom plunged at a record 28.5 percent year-on-year in April of 2020, following a 9.7 percent drop in March and worse than forecasts of a 19.9 percent fall. The coronavirus lockdown imposed from March 23rd had a significant impact on overall economic activity as many businesses and factories had to close. On a monthly basis, factory activity sank 24.3 percent, also a record drop, led by transport equipment, which fell by a record 50.2 percent, with motor vehicles, trailers and semi-trailers falling by a record 90.3 percent.
Manufacturing Production in the United Kingdom averaged 0.48 percent from 1969 until 2020, reaching an all time high of 19.60 percent in February of 1973 and a record low of -28.50 percent in April of 2020. This page provides the latest reported value for - United Kingdom Manufacturing Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Manufacturing Production - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Office for National Statistics
Manufacturing Production in the United Kingdom is expected to be -20.00 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 5.00 in 12 months time. In the long-term, the United Kingdom Manufacturing Production is projected to trend around 6.00 percent in 2021 and 2.00 percent in 2022, according to our econometric models.