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UK manufacturing sector exceeds expectations
8 October 2010
Growth within the UK's manufacturing industry exceeded analysts' forecasts during August 2010, official figures show.
The Office for National Statistics (ONS) reported that the UK's seasonally-adjusted index of production expanded by 4.2 per cent during the month compared with the same period of 2009.
Additionally, manufacturing output climbed year-on-year by six per cent in August 2010, up from five per cent the previous month - a higher figure than had been predicted by experts.
It was the highest rate of annual growth in the sector since 1994, following a 0.3 per cent climb between July and August 2010.
Output rose in ten out of 13 manufacturing sub sectors in August and fell in the remaining three, with the most substantial increases in the machinery and equipment and the food, drink and tobacco sectors.
Those interested in operations training courses are also advised that figures for September from Markit and the CIPS showed manufacturing output continued to increase, albeit at a slower rate than in August.
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