The latest Index of Production (IOP), recently published by the ONS, fell by 1.0 per cent in August 2011 compared to August 2010. The Index of Manufacturing, within the IOP, rose by 1.5 per cent in August 2011 compared to August 2010. Production between July and August rose by 0.2 per cent, with manufacturing falling by 0.3 per cent. This months release was the first to be based on the new UK Standard Industrial Classification (SIC).
Sector C, the manufacturing sector, contributed the largest percentage of production with 66.6%. The 1.5% increase was due to a 4.8% increase in the production of food, beverages and tobacco. Over the month food, beveages and tobacco increased by 1% with alcoholic beverages contributing a 2.9% rise. Mining and quarrying (Sector B), contributed 16.4%. Sector D, electricity, gas, steam and air conditioning contributed 9.3%.
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