10 February 2017

ONS data reveals manufacturing production growth

Manufacturing production is estimated to have grown by 2.1% last December compared with November, data from the Office for National Statistics (ONS) has shown.

The largest contribution came from pharmaceuticals, which showed month on previous month growth of 8.3%, followed by metal products at 4.5%, and the computer, electronic and optical sector at 3.7%. ONS said that pharmaceuticals can be highly erratic.

The data comes from the UK index of production and measures the volume of production at base year prices for the manufacturing, mining and quarrying, energy supply, and water and waste industries. Overall, total production from the index was estimated to have increased by 1.1% in December compared with November.

ONS also said that the index of production for Q4 (October to December) was estimated to have increased by 0.3% on the previous three months. Manufacturing grew by 1.2%.

Again, the largest contribution came from pharmaceuticals, which showed three-month on previous three-month growth of 9.8%. This was followed by electrical equipment at 4.6% and coke and petroleum at 3.9%.

And finally, the index of production annual growth for 2016 compared with 2015 was 1.2%, with manufacturing contributing the largest growth, ONS added.

Author
Adam Offord | @WM_AdamOfford

Supporting Information

This material is protected by MA Business copyright
See Terms and Conditions.
One-off usage is permitted but bulk copying is not.
For multiple copies contact the sales team.

Do you have any comments about this article?

Add your comments

Name

 
Email

 
Comments
 

Your comments/feedback may be edited prior to publishing. Not all entries will be published.
Please view our Terms and Conditions before leaving a comment.

Related Articles

Drug test open to services

A new fingerprint-based drug screening system is now available for drug ...

MTC develops toolkit

The Manufacturing Technology Centre (MTC) and researchers at Heriot-Watt ...

LPW Technology joins SiG

LPW Technology has been selected for Sharing in Growth (SiG), the ...

The Champions League

Do you want to join the pantheon of greats that have graced the stage at WM’s ...

Bright Sparks

Turning a £2 million loss into a profit may have been a step too far for many, ...

A refreshing outlook

A recent Works Management tour to Coca-Cola European Partner’s Wakefield site ...

Siemens Magnet Technology FT

Visit the home of innovation: Siemens Magnet Technology

Fujifilm Speciality Ink System

Achieve world beating quality by touring Fujifilm’s digital ink plant

How to make it in industry

Find out how EAL learners and apprentices at KMF Precision are making it in ...

Meet the Champions: Gary Ashby

Process technician, Gary Ashby transformed an unfancied factory area into the ...

Meet the Sponsors - Brammer

Visit Brammer on stand C19 and see how Insite?? can boost your bottom line says ...

Shop talk

Cy Wilkinson, managing director of Cressall Resistors talks about the drive to ...