Manufacturing Output Grows

12th December 2017. 

UK manufacturing output continues to grow for the sixth consecutive month in October, bolstered by record car production.

Official figures showed Britain’s factories notched up a 0.1 percent rise in manufacturing output in October. This is the longest unbroken expansion of its kind for at least two decades.

Annual growth in factory output hit 3.9% in October – the biggest increase since December 2016.

Kate Davies of the Office for National Statistics, assures this is a good sign, claiming the long-term picture is one of “strong growth”.

Unfortunately, the figures do not remain strong in other sectors.

Output in the construction sector unexpectedly contracted by 1.7 percent in October, separate ONS figures showed. This was higher than expected, with economists only predicting a 0.4% rise.

Ms Davies said: “Construction output continued to fall back from its peak at the start of the year, with both new building and repair work faltering once again.”

The ONS also said the UK’s trade deficit in goods and services widened by £300 million to £1.4 billion in October.

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