Official: Car, iron and steel industries drive UK manufacturing growth

CorusNew official UK manufacturing output data published today highlighted the manufacture of basic metals and metal products as the star of the industry’s showing over the past 12 months. Between November 2012 and November 2013, basic iron and steel manufacture recorded its highest growth, 34.3%, since records began in January 1998.

The manufacture of transport equipment, which embraces Britain’s bullish car making industry, was another of the main components contributing to a 2.8% increase in production output over the past year.

For the single month period between October 2013 and November 2013, manufacturing output remained unchanged (0.0% growth).

Commenting on today’s Index of Production (IoP) data from the Office for National Statistics, EEF chief economist Lee Hopley said: “While manufacturing output was unchanged in November a decent run of growth through the second half of last year left production levels at their highest level since July 2012, with some notable strengths through the year in basic metals, transport and chemicals.

“Taken together with the raft of more upbeat surveys since the start of the year there are good reasons to forecast a continued recovery across manufacturing this year. However, with production levels across much of industry still languishing below their pre-recession peak, policy makers need to be focusing on creating the right business environment to ensure the recovery is sustained this time.”

Copyright Ken Hurst 2014

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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.
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