none

UK manufacturing bounces back

31-08-2010
by 
in 
UK manufacturing bounces back

Britain's manufacturing output is growing much more rapidly than expected, according to latest industry data.

Output jumped by 1.9 percent in June – its fastest growth since July last year.

The Office for National Statistics (ONS) said in a statement all 13 components of the manufacturing index showed growth for the first time since June 1992.

Industrial production, including mining, electricity, gas and water supply -- increased by 1.1 percent in June from May, according to the ONS.

UK car sales grew at an annual 12.7 per cent for the month, prompting the trade industry group SMMT to increase its forecast for the year.

"June's surge in UK industrial production is the most convincing sign yet that the sector is sharing in the recovery already evident in the rest of the economy," said Samuel Tombs, an economist at the Capital Economics research group.

Recent official data showed that the British economy grew by 0.6 percent in the second quarter, cementing its recovery from recession.

Gross domestic product (GDP) grew by 0.6 percent in the three months to the end of June. This compared to a gain of 0.3 percent in the previous quarter and is the first time since 2011 that Britain has achieved back-to-back quarterly increases.

Related news & editorials

  1. Robot
    24.03.2021
    24.03.2021
    by      In , In , In
    A startup company that aims to develop general-purpose robots for space stations, the surface of the Moon and Mars has attracted the attention of Epson and its subsidiary, Epson X Investment Corporation, who will provide funding.
    GITAI, based in Japan, aims to lessen the risk and burden on... Read More
  2. Photo of Oskar Lapp
    19.03.2021
    19.03.2021
    by      In , In
    The life of a technology pioneer whose cables, connectors and automation innovations are helping facilitate automation and Industry 4.0 transformations now sweeping the globe is being celebrated in Australia this month on the 100th anniversary of the birth of Oskar Lapp.
    LAPP Australia is one of... Read More
  3. AMGC webinar flyer
    16.03.2021
    16.03.2021
    by      In , In
    The Australian Government has announced a $30 million fund to help smaller local manufacturers turn their ideas into commercial outcomes and help create more jobs.
    Minister for Industry, Science and Technology Karen Andrews said the Commercialisation Fund would foster projects that bring industry... Read More
  4. JobMaker promotion graphic
    12.03.2021
    12.03.2021
    by      In , In
    The ATO’s Deputy Commissioner, James O’Halloran, is urging employers to contact their tax or BAS agents, or visit the ATO’s website, if they need advice on applying for the government’s JobMaker Hiring Credit, introduced at the end of last year.
    Under the initiative, which has a cut-off date of... Read More
Products
Suppliers