Manufacturing output in the UK stalled in September of 2022, compared to a downwardly revised 1.1 percent contraction in the previous month and halting three consecutive months of decline. Production rebounded for basic pharmaceutical products and preparations (9.3% vs -4.1% in August) and transport equipment (2.7% vs -2%), and grew for textiles, wearing apparel, and leather products (3.3% vs 0.7%), offsetting contractions in basic metals and metal products (-3.4% vs -2.2%), coke and refined petroleum products (-1.2% vs 1.3%), chemicals (-3% vs 1.2%), and computer, electronic, and optical products (-2.7% vs 0.8%). On a yearly basis, manufacturing production fell by 5.8%, less than forecasts of a 6.8% contraction and slowing from the downwardly revised 6.2% decline in August. source: Office for National Statistics
Manufacturing Production MoM in the United Kingdom averaged 0.12 Percent from 1968 until 2022, reaching an all time high of 14.50 Percent in June of 2020 and a record low of -23.70 Percent in April of 2020. This page includes a chart with historical data for the United Kingdom Manufacturing Production MoM. United Kingdom Manufacturing Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
Manufacturing Production MoM 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. In the long-term, the United Kingdom Manufacturing Production MoM is projected to trend around 0.30 Percent in 2023 and 0.40 Percent in 2024, according to our econometric models.