uk manufacturing

UK Manufacturing Exceeding Expectations

Britain’s manufacturers have outperformed expectations in the first half of 2010 but face the prospect of greater global economic uncertainty and financial market volatility in the rest of this year, according to latest analysis of the sector published today by EEF, the manufacturers’ organisation, and BDO LLP. The Economic Prospects 2010 report (PDF – you will need to signup to the EEF website in order to get access to the report) contains the latest economic forecasts , which take into account official data for the first half of the year, the Budget statement, public spending cuts and forecasts for growth in world trade. According to the report, manufacturing will grow by 3.8% this year and 3.4% in 2011, outstripping that in the economy as a whole, which is forecast to expand by 1.... »

UK Manufacturing Figures Increase

Despite a worldwide credit squeeze and uncertainty in the global economy, the UK’s factory output has actually increased against projected figures. According to this morning’s figures from the Office of National Statisitcs (ONS) February saw UK manufacturing increase by 0.4% better than the predicted 0.1% The food, drink & tobacco and chemicals & man-made fibres manufacturing sub-sectors showed the greatest increases in output. Of the thirteen manufacturing sub-sectors monitored by the ONS, eleven increased output whilst just two showed a decrease in output. The annual rate for manufacturing output rose to 1.9% for the year to the end of February, that’s the best rate of production increase since back in December 2006. The figures suggest that the UK, the world... »