UK manufacturing growth stays positive but exports disappoint

UKstats160bUK manufacturing’s heady progress appears to have slowed a little as today’s official production data showed output increasing by a modest 0.4% in October. The manufacture of transport equipment; machinery & miscellaneous equipment and rubber and plastic products all contributed to the small but positive number.

Commenting on the new Index of Production figures from the Office for National Statistics, Felicity Burch, senior economist at the manufacturers’ organisation EEF said they had brought a more mixed picture to the largely positive run of economic data of the last few months.

While output continued to grow, she added, “in contrast with the stronger domestic position, trade and export news continues to disappoint. However, this month’s figures have improved on September and the growing exports to non-EU countries shows opportunities are still out there for companies who pursue them.”

The year-on-year picture also remained in positive territory with production output in the manufacturing sector increased by 2.7% between October 2012 and October 2013 thanks to uplifts in the manufacture of transport equipment, other manufacturing & repair; and the manufacture of wood, paper products & printing.

Copyright Ken Hurst 2013

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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, exports, Government/statistics, machinery, Manufacturing management, Packaging, plastics and tagged , , , . Bookmark the permalink.

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