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Category Archives: Manufacturing
Chinese manufacturing continues to contract
It is now 11 months in a row that China has seen a contraction in this major sector. The Flash China manufacturing purchasing managers’ index (PMI) produced by the bank HSBC, and eagerly awaited in economic circles, shows that the nine-month low of 47.6 in August, reached 47.8 mid way through September. The cause for concern is that any figure … Continue reading
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Surprising rebound in UK manufacturing
Good news for the UK manufacturing sector. Output expanded in January at the fastest rate since March 2011. There was an increase in new orders together with a stabilisation in employment. Also, average input prices fell for the third month running causing an easing in the cost pressures which had been facing the sector. These findings are from the Markit/CIPS … Continue reading
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Manufacturing falls, and trade gap worsens
On top of the looting and mayhem, the UK economy is suddenly looking very flat indeed. UK manufacturing output fell by 0.4% in June according to figures from the Office for National Statistics. This compares with an increase of 1.8% in May which had led many analysts to expect manufacturing would have risen by about 0.2% in June. There is … Continue reading
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UK Manufacturing grinds to a halt
Manufacturing has been driving our economic recovery, such as it is, and was expected to continue to do so. But, there is bad news. Although manufacturing output grew by 0.9% in January, it failed to grow at all in February. Alan Clarke, UK economist at BNP Paribas, was quoted as saying that the data was “bitterly disappointing”. The wider measure … Continue reading
Posted in economic growth, GDP, Manufacturing, Monetary Policy Committee, Office for Budget Responsibility, production, UK industry, unemployment
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UK car production up by nearly thirty per cent
There was a sharp rise in car production last year, with 1.27 million cars being produced, according to the Society of Motor Manufacturers and Traders (SMMT). This was a rise of 27.8% on 2009. This is a major improvement for the industry, although output is not yet back up to the level it was before the recession. When we add … Continue reading
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Continued rise in UK producer prices
Output price inflation rose to 4.2% in December 2010 according to the Office for National Statistics. This is sometimes referred to as ‘factory gate’ annual inflation, and measures the output prices that manufacturers sell their products at. The rise on the month was 0.5% which is considered quite significant. At the same time, input price annual inflation rose by 12.5% … Continue reading
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More positive signs from manufacturing
Manufacturing output grew by 0.6% in October, according to the Office for National Statistics, and compares well with the 0.2% seen in September. In fact, the October increase is the biggest monthly rise since March. This figure was approximately twice that which analysts had been prediction. This means that in the three months to October, manufacturing grew by 5.6%, compared … Continue reading
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Big recovery in UK manufacturing
Manufacturing was shown to have reached a sixteen-year high, according to the Markit/CIPS purchasing managers’ index (PMI), which has just been published. The seasonally adjusted UK manufacturing PMI rose to 58.0 in November, its highest level since September 1994, and compares with a figure of 55.4 in October. The PMI figure has now been above the 50.0 neutral mark for … Continue reading
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Producer prices continue to moderate in UK
Producer prices are measured in two ways. Firstly, there are input prices which is a measure of those intermediate goods and raw materials which manufacturers need to produce their finished products. And secondly, output prices or ‘factory gate inflation’ which measures the price of finished goods as they leave the factory. In August, figures just published by the Office for … Continue reading
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