Manufacturing output increases by 1.8 per cent in May

Mnaufacturing output increased by 1.8 per cent in May, according to the ONS

Mnaufacturing output increased by 1.8 per cent in May, according to the ONS

Related Articles

Thursday, July 07, 2011 12:58 PM

There was good news for the UK economy today as the latest manufacturing and industrial output data for May released by the Office for National statistics (ONS) showed the biggest increase in output for a year.

Manufacturing output increased by 1.8 per cent in May after falling by 1.6 per cent in April when output was lower due to the combined influences of Easter and the Royal Wedding public holidays.

The ONS also said that problems affecting the manufacturing supply chain as a result of the Tsunami and earthquake in Japan had diminished and also contributed to the positive growth in output.

However, the increase in May in industrial production which includes oil, utilities and gas, was not enough to offset the sharp fall of 1.7 per cent in April. Industrial production increased by 0.9 per cent, smaller than most experts expected and provides further evidence of the fragility of the economic recovery.

Howard Archer, from IHS Global said: “Overall industrial production saw a smaller rebound of 0.9% month-on-month in May after a larger dip of 1.7% in April as was held back by a sharp drop in oil and gas extraction. This means that industrial production will undoubtedly have suffered a marked drop in the second quarter.”

The manufacturing purchasing managers' index for June showed that growth in the sector had slowed and indicates that the manufacturing sector is still struggling and this increase recorded for May could be reversed in June.

Sign up to the newsletter to receive the latest financial news direct to your inbox.

Follow on Twitter: @news_myfinances

Comments Bubble Comments

blog comments powered by Disqus

Newsletter sign up


Enter our competition to win £200 simply by telling us your car insurance renewal date (Competition terms). Your information will not be passed to third parties and will be used for the sole purpose of sending you reminders and offers at the time of your renewal.


In addition to the weekly newsletter, which areas of finance would you like to hear from us about:

Tick this box if you would like us to send you promotions from carefully selected third parties.

By signing-up you agree to the terms of use and privacy policy.

sign-up button

Get Investment Advice

Get Investment Advice

Unsure where to invest? Get advice from a professional investment advisor.

Get Investment Advice

Compare Investment Products

Compare Investment Products

Use our comparison tables to find the best investment products for your needs.

Compare Investment Products

Local Guides