Skip to content Skip to footer

Boost to UK manufacturing

Share on facebook
Share on twitter
Share on linkedin

UK manufacturing grew for the fourth consecutive month in August 2006. The 0.4% rise was better than expected, and is evidence of a recovery in the sector.
Releasing the figures this month, the Office for National Statistics said the increase in factory output was broad-based, noting a significant increase in electrical and optical equipment industries.
The wider industrial production measure, including energy industries, climbed by 0.1% in august, giving an annual increase of 0.7%. The figures are unlikely to have much influence on the Bank of England, which is expected to raise interest rates later this year from 4.75% to 5%.
In industrial production, the ONS said an increase in gas output had helped to offset a decline in oil production due to scheduled maintenance work on North Sea rigs.

Show CommentsClose Comments

Leave a comment