Home » Business » Manufacturing
UK manufacturing picks up the pace
Source: Agencies |
September 9, 2009, Wednesday
|
Print Edition
Print Edition
BRITISH manufacturing output rose at its fastest monthly rate in 18 months in July, helped by a sharp pick up in car production, official data showed yesterday.
The Office for National Statistics said factory output rose 0.9 percent in July, the biggest rise since January 2008 and triple analysts' expectations for a 0.3 percent increase.
The wider measure of industrial output, which includes energy production, rose more than twice as fast as expected, by 0.5 percent in the month but fell 9.3 percent on the year.
The figures suggest Britain's economy has made a stronger start to the third quarter and may emerge from recession before the year's end.
The ONS said July's gain in manufacturing was mainly due to gains in the transport sector, which was boosted by a 10.4 percent rise in motor vehicle production, the second monthly rise in a row.
The car sector has been helped by the government's scheme which gives motorists a cash incentive to trade in their old cars for new ones. Still, total manufacturing output was 10.1 percent down on the year.
June's readings for manufacturing and industrial output were revised up slightly by the ONS.
The Office for National Statistics said factory output rose 0.9 percent in July, the biggest rise since January 2008 and triple analysts' expectations for a 0.3 percent increase.
The wider measure of industrial output, which includes energy production, rose more than twice as fast as expected, by 0.5 percent in the month but fell 9.3 percent on the year.
The figures suggest Britain's economy has made a stronger start to the third quarter and may emerge from recession before the year's end.
The ONS said July's gain in manufacturing was mainly due to gains in the transport sector, which was boosted by a 10.4 percent rise in motor vehicle production, the second monthly rise in a row.
The car sector has been helped by the government's scheme which gives motorists a cash incentive to trade in their old cars for new ones. Still, total manufacturing output was 10.1 percent down on the year.
June's readings for manufacturing and industrial output were revised up slightly by the ONS.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
