Monday, 12 April 2010

Production Down In February

The index of production fell by 0.1% in February 2010. The index of manufacturing increased by 1.4%, the mining and quarrying index fell by 7.6% and the energy supply industries index 2.6% according to the latest statistics from the ONS.

The production index increased in 8 of the 13 manufacturing sub-sectors and fell in 5 sub-sectors. The transport equipment sub-sector increased the most with an increase of 16.9% over the year within which the manufacture of motor vehicles increased 51.6% and the manufacture of aircraft and spacecraft went up 12%. Food, drink and tobacco increased by 2.8% within which meat and meat products increased by 16.3% and the processing and preservation of fish, fruit and vegetables by 16.5%. The largest contributor to the year on year increase in the manufacturing index of 1.4% was transport equipment with 1.8%. The food, drink and tobacco industries increased by 0.4%.

The mining and quarrying index fell by 7.6% in February 2010 compared with February 2009. Oil and gas extraction decreased by 8.9% and coal by 16.9%. Over the year there was an 8.1% decrease in oil and gas extraction that contributed to the 7.6% year on year decrease.

Electricity supply output decreased by 7.5% contributing to the overall 2.6% fall in output in electricity, gas and water supply. Consumer durables and capital goods reported increases of 0.6% and 6.2% respectively in February.

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