United Kingdom Industrial Production Mom

Last Release

Feb 29, 2024

Actual

1.1

Units In

-0.2

Frequency

Monthly

Next Release

May 10, 2024

Time to Release

25 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
11.3 Jun 2020	-20.7 Apr 2020	0.08 %	1968-2024	Office for National Statistics

In the United Kingdom, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 70 percent of total production. The biggest segments within Manufacturing are: Food, drink and tobacco (11 percent of total production); transport equipment (9 percent); basic metals (8 percent); other manufacturing and repair (6 percent); pharmaceutical products and preparations (6 percent); and rubber and plastic products and non-metallic mineral products (6 percent). Mining and quarrying account for 12 percent of production, as oil and gas extraction accounts for 10 percent. Electricity, gas, steam and air conditioning account for 11 percent of total output and water supply, sewerage and waste management account for 8 percent.

Latest Updates

Industrial production in the UK advanced 1.1% month-over-month in February 2024, recovering from an upwardly revised 0.3% fall in January and compared to market expectations of a flat reading. It was the largest growth in industrial activity since June 2023, driven by a rebound in production for manufacturing (1.2% vs -0.2%), and water supply and sewerage (1.9% vs -2.4%). At the same time, output continued to rise for electricity and gas (0.5% vs 2.6%), although to a lesser extent, while activity contracted at a softer pace for mining and quarrying (-0.8% vs -1.5%). On a yearly basis, industrial output jumped 1.4%, accelerating from a 0.3% increase in the previous month and beating market estimates of a 0.6% rise.