Index of Production, UK: December 2024

13th February 2025

Production output for Quarter 4 (October to December) 2024 was estimated to have decreased by 0.8% compared with Quarter 3 (July to September) 2024; this is the fifth consecutive quarterly decline in production output.

In Quarter 4 2024, "manufacturing" (down 0.7%) was the main contributor to the fall, supported by smaller negative contributions from "mining and quarrying" (down 2.5%), and "electricity and gas" (down 0.7%); this was partially offset by an increase in “water supply and sewerage” (1.2%).

Monthly production output was estimated to have increased by 0.5% in December 2024; this follows falls in both October and November 2024 (down 0.6% and down 0.5%, respectively).

The rise in monthly output in December 2024 resulted from increases in “manufacturing” (0.7%) and “mining and quarrying” (1.5%); these reductions were partially offset by decreases in “electricity and gas” (down 0.6%) and “water supply and sewerage” (down 0.4%).

The monthly increase in manufacturing output in December 2024 saw increases in 7 of its 13 subsectors; the largest positive contributions to manufacturing output in December 2024 came from, “basic pharmaceutical products” (5.1%), “machinery and equipment” (5.9%) and “other manufacturing and repair” (2.3%).

Annual production output fell by 1.7% in 2024, with weakness across all four sectors; “mining and quarrying” and “manufacturing” provided the largest negative contributions, falling by 7.2% and 0.7%, respectively.

Read the full ONS report HERE