Thursday, 13 February 2014

Manufacturing Leads Growth In Production

Manufacturing made by far the biggest contribution to the overall production output increase of 0.5% with growth of 0.7% between Q3 and Q4 2013 according to data from the ONS.

The annual comparison shows that production output was 1.8% higher in December 2013 than in December 2012. When this is broken down into industry sectors manufacturing rose by 1.5%, mining and quarrying by 2.6% and water services by 7.9%. These rises were offset by a fall of 3% in electricity, gas, steam and air conditioning.

Between November 2013 and December 2013 production rose by 0.4% and manufacturing by 0.3%. The manufacture of basic pharmaceuticals and pharmaceutical preparations, coke and refined petroleum products and the manufacture of food products, beverages and tobacco were mainly responsible for the rise.

The figures are seasonally adjusted.

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