Wednesday, March 11, 2015

UK manufacturing growth in negative region

 The key points of the production report are:

• Total production output is estimated to have increased by 1.3% in January 2015 compared with January 2014. There were increases in two of the four main sectors, with manufacturing output being the largest contributor, increasing by 1.9%.
• There were increases in eight of the 13 manufacturing sub-sectors compared with a year ago and the largest contributor was the manufacture of transport equipment, increasing by 6.1%.
• Total production output decreased by 0.1% in January 2015 compared with December 2014. There were increases in two of the main sectors, with mining & quarrying output being the largest contributor, increasing by 2.0%.
 • Manufacturing output decreased by 0.5% in January 2015 compared with December 2014. The main components contributing to this decrease were the manufacture of computer, electronic & optical products; the manufacture of machinery & equipment not elsewhere classified; and the manufacture of food, beverages & tobacco.
 • In the three months to January 2015, production and manufacturing were 10.4% and 4.8% respectively below their figures reached in the pre-downturn GDP peak in Q1 2008.
 • In this release, periods back to January 2014 were open for revision, in line with the National Accounts revisions policy. There was minimal impact on previously published GDP estimates resulting from revisions to these periods.
















The full report is provided by the Office of National Statistics.

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