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.

Manufacturing Down 2.1% Production By 2.4%

The index of production published by the ONS shows that production was down by 2.4% in November 2012 compared with November 2011. Manufacturing was down by 2.1%.

The monthly analysis shows that production actually rose by 0.3% during the month October to November 2012. Large increases in production in mining and quarrying (8.7%) were offset by falls in manufacturing (0.3%) and energy supply (4.1%).

The annual analysis for November 2012 and November 2011 also shows that mining and quarrying fell by 13% within which oil and gas extraction decreased by 17.8% contributing 13.4% to the sector fall. Manufacturing fell 2.1% over the year with food manufacturing, beverages and tobacco contributing a fall of 4.6% and chemicals and chemical products 6.8%. Energy supply increased by 4.4% and water supply and waste management increased by 2.4%.

Manufacturing Up But Production Trend Is Down

The index of manufacturing rose by 0.3% in January 2012 compared with 2011 while the overall index of production fell by 3.8% over the same period. On the monthly comparison manufacturing rose by 0.1% while total production fell by 0.4%. Mining and quarrying fell by 21.3% on the annual comparison and energy supply fell by 9.3%. Capital goods were up 4.2%.

Fall In UK Production In November

The annual index of production published by the ONS fell by 3.1% in November 2011. Manufacturing fell by 0.6%. The monthly index of production fell 0.6% between October and November, manufacturing falling by 0.2%.

The fall in the index was also mainly due to falls in mining and quarrying (14.2%) and energy (8.6%) as well as the fall in manufacturing. Oil and gas was the main contributor in the big decrease within mining and quarrying with a 16.7% decrease which contributed 14% of the 14.2% fall. The biggest contributor to the fall within manufacturing was in the basic pharmaceuticals and preparations industries with a 12.7% fall.

Transport Helps Manufacturing Increase By 2%

The index of production published by the ONS fell by 0.7% in September 2011 compared with September 2010. The manufacturing index rose by 2.0%, increasing in 8 of the 13 sub-sectors and falling in 5. The transport equipment industries contributed the most to the increase, the manufacture of motor vehicles, trailers and semi-trailers making the biggest contribution within the sub-sector.

In the monthly comparison between August and September 2011, production remained unchanged with manufacturing rising by 0.2%. The index of production rose by 0.4 per cent in Q3 2011.

Production Down By 0.8%

The index of production produced by the ONS fell 0.8% in May this year compared with May last year. In the month between April and May the index rose by 0.9%. Manufacturing increased by 2.8% in May over the year and by 1.8% over the month between April and May 2011.

The main contribution to the upward movement in manufacturing was a 3.8% increase in the manufacture of machinery and equipment and other machinery which increased by 7.2%.

Manufacturing Increases 5.8%

Production increased by 3.3% in October according to the index of production from the ONS. Manufacturing increased by 5.8%. The main contributors to the increase in the manufacturing index were an increase of 1.4% in machinery and equipment and 1.3% from basic metals and metal products. Capital goods increased by 8.4% and intermediate goods and energy by 1.2%. Mining and quarrying fell by 7.2%, oil and gas extraction alone by 8%. Electricity, gas and water supply increased by 0.7%. Consumer durables fell by 5.2% while non-durables increased by 4.3%.

Production Up By 3.8%, Manufacturing 4.8%

Production increased by 3.8% in September 2010 compared with September last year, 3.3% on the same quarter last year, 0.4% compared with last month and 0.6% compared with the last quarter.

Manufacturing increased by 4.8% compared with September 2009. The largest increases were in machinery and equipment with 21% and basic metals and metal products with 12.6%. There was a 52.5% rise in the manufacture of machinery for the production of mechanical power and 22.7% for the manufacture of other kinds of special purpose machinery. The processing and treatment of metals increased by 17.4% and the manufacture of basic metals by 13.7%.

4.2% Rise In Production

The index of production increased by 4.2% in August compared with August 2009. The manufacturing index showed an increase of 6% over the same period. The annual index also showed that 10 of the 13 sub-sectors increased production but it fell in 3 sub-sectors. The biggest increases were in machinery and equipment with 16% and food, drink and tobacco with 7.7%. The main contributors sectors within machinery and equipment were machinery for the production of mechanical power with a 41% increase and the manufacture of 'other special machinery' with 26.4%. The processing and preserving of fish, fruit and vegetables was the main contributor in the food, drink and tobacco sub-sector with 32.8% growth and next came bread, biscuits, pastry goods and cake with 15.3%.

Manufacturing Index Up In March

The ONS' Index of Production statistical release tells us that seasonally adjusted index rose by 2% in March 2010 to 89.4 compared with March 2009 and the manufacturing index rose by 3.3% to 92.0.

The manufacturing index component sub-sectors output increased in 9 of the 13 sub-sectors and decreased in 4 sub-sectors. The largest increases were in transport equipment with a rise of 16.9% and basic metals and metal products with 4.6%. The manufacture of motor vehicles had the largest rise within the transport equipment industries with 52.3%. Within basic metals and metal products the largest rise was in the manufacture of cutlery, tools and general hardware with 20.4%.

In the other broad industry groups, mining and quarrying fell by 3.1% and the electricity, gas and water supply industries fell 1.8% compared with March 2009.

In the main industrial groupings consumer durables rose 2% from 0.2% in the previous month on month. Capital goods rose 8.7% from 5.7% in March 2009 and intermediate goods rose 1.2% after a fall of 2% the previous month.

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.

Production Figures For January

The latest Index of Production from the Office for National Statistics says that the index of production fell by 1.5% compared with last year and the index of manufacturing rose by 0.2% compared with January last year

In the manufacturing sector 4 of the 13 categories reported increases while 9 fell. The largest increases in transport, in particular the manufacture motor vehicles which increased by 38.9%, and the manufacture of aircraft and spacecraft which increased by 14.1%. Food, drink and tobacco also increased, in particular meat and meat products by 12.6%, and the processing of fish, fruit and vegetables by 11.6%.

GDP Revised To 0.3%

The GDP growth rate for Q4 2009 has been revised upward from the preliminary estimate of 0.1% made last month to 0.3%. The change came from stronger data from December.

The production industries output increased by 0.4% and manufacturing within that sector rose by 0.8%. The service industries out increased by 0.5%. GDP at current market prices grew by 1.1% according to the ONS UK output, income and expenditure accounts for Q4 2009. These are the statistics that will eventually go into the Quarterly National Accounts.

Ups And Downs Of Output

The Index of Production fell by 3.6% in December 2009 compared with December 2008. The index for the whole of 2009 fell by 10.2% compared with 2008. Within the production industries the Index of Manufacturing for December 2009 fell by 1.9% year-on-year. The Index of Manufacturing for the whole of 2009 fell by 10.5% compared with 2008. The indices are seasonally adjusted. Month-on-month both the IoP and the IoM reported an increase for the third month in a row, of 0.5% and 0.9% respectively.

The Index of Production is produced by the Office for National Statistics and measures the volume of production of the manufacturing, mining and quarrying and energy supply industries and covers 23.1% of the UK economy as it was in the base year 2000. The Index of Manufacturing covers the 13 sub-sectors of manufacturing and the aggregate forms the manufacturing output time series.

In December output decreased in 9 of the 13 manufacturing sub-sectors and rose in 4 of them. The machinery and equipment industries reported the largest decreases and fell by 13.6% with the manufacturing of machinery for the production of mechanical power the largest contributor with a decrease of 22.6%. The paper, printing and publishing industries fell by 4.2% with the publishing of newspapers making the largest contribution with a fall of 8.1%. In the mining and quarrying sector, the oil and gas extraction sub-sector contributed a decrease of 9.9% to the overall sector fall of 12.1% in December 2009 compared with December 2008. Other mining and quarrying decreased by 35.3%. The energy, gas and water supply industries index fell by 6.6%.

In the main industrial groupings, consumer durables reported an increase of 0.1%. The other main groups reported falls. Consumer non-durables decreased by 1.3%, capital items by 0.8% and intermediate goods by 6.5%.

The Index of Production can be used on its own as a short term indicator as the Index covered 78.6% of the total IoP in the base year. It is usually the first indicator of economic activity and an important component of GDP and National Accounts.