Exports boost UK manufacturing output

Exportship300Boosted by the export of machinery and cars, the UK manufacturing sector appears to be moving into more positive territory, according to the latest official data from the Office for National Statistics (ONS).

In March, the ONS Index of Production showed manufacturing output rising by 1.1% with the largest upward contributions coming from the manufacture of basic metals and metal products, up by 2.8% and the manufacture of computer, electronic and optical products, up by 5.5%. In contrast, the most significant decreases came from the food and beverage sector, which fell by 1.0% and textiles, down by 1.5%.

The new figures now show a modest fall in output of 0.3% for the first quarter of 2013 when compared with the previous three months while over the 12 months to March 2013 the fall was1.4%.

A March rise in the manufacture of machinery and a quarterly and yearly rise in the manufacture of transport equipment were, said ONS, partially due to an increase in new export orders.

Commenting on the data Lee Hopley, chief economist at the manufacturers’ organisation EEF, said the data pointed to “encouraging gains across the board, with almost all sectors posting some growth and on-going strength in transport and electrical equipment sectors”.

She continued: “Taken with the improvement in the PMI (Purchasing Managers’ Index) earlier in the month the data appears to be moving in a more positive direction. However, a smooth recovery path is not assured as uncertainties in the external demand environment are likely to stay with us in the coming months.”

Chris Williamson, chief economist at Markit, believed the better than anticipated data which showed UK factories to have enjoyed the first back-to-back monthly increases in production since the first quarter of 2011was encouraging, “suggesting that the goods-producing sector is finding its feet again and is starting to help drive a wider economic recovery”.

This material is protected by copyright Ken Hurst 2013.

Advertisements

About Ken Hurst

Ken Hurst began his career as a journalist in London over 30 years ago, working on a range of publications before moving on to weekly newspaper production in the newly-independent Zambia of the 1970s. He returned to the UK where his work included spells on newspapers and magazines, before moving to head up Norwich Union’s corporate affairs division. In the 1990s he moved on to freelance, co-own and publish the B2B audio magazine Sound and front the BBC radio Yesterday’s Papers programme. There followed six years as Business Editor at Britain’s biggest selling regional daily newspaper, The Eastern Daily Press, where he led an award-winning team and for whom he still writes a weekly socio/political comment column. Subsequently, he was Group Editorial Director at CBM, responsible for its UK and US magazine output – including The Manufacturer magazine – research-driven industry reports and live events content. Currently he is Contributing Editor at Works Management magazine publisher Findlay Media and Chairman of the consumer publishing house TNT Multimedia Ltd. He is a Fellow of the Royal Society of Arts and of the British Association of Communicators in Business.
This entry was posted in Aerospace & defence, Automotive, Electronics, exports, Food & beverage, machinery, Manufacturing management, metals and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s