Surprise 2% increase in industrial output

Industrial output in the UK increased by 2.0% between February and March and also rose by 2.0% on the year to March 2010. This compares to analysts’ forecasts of a rise of around 0.3-0.4%. In fact, the Office for National Statistics had estimated that production would rise by 0.7% when they initially announced the GDP growth figures for the first … Continue reading

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New manufacturing orders hit a sixty-nine month peak

“It appears that the manufacturing sector has turned a corner and is starting to put itself out of recession. After this long and deep downturn, manufacturers are now reporting strong growth in both output and new orders.” This comment by David Noble, Chief Executive Officer at the Chartered Institute of Purchasing & Supply (CIPS) was made in response to the … Continue reading

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The worst may be over for manufacturing

The manufacturers’ organisation, EEF, has just noted in its latest survey that  “The effects of the recession appear to be stabilising in some sectors as destocking nears an end….The weakness in world markets has hit the sector hard, but it looks like manufacturers are now close to the bottom of the cycle.”   The “stock cycle” has a major impact … Continue reading

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Orders and output plunge for smaller UK firms

Orders for goods and output fell at the fastest rate for 20 years at small and medium-size enterprise (SME) according to the Confederation of British Industry (CBI) in their latest quarterly SME Trends survey published this morning.   The CBI surveyed 484 firms, of which 64% saw the volume of total new orders fall in the three months to April, … Continue reading

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Manufacturing declines at its slowest rate for six months

It’s a pity that the only good news says that things are still getting worse, but they are getting worse more slowly. But there we are. Between January and February, manufacturing output decreased by 0.9% compared to a 3% decline in January. Most forecasters were expecting a fall of about 1.5% so it appears that this really was good news. … Continue reading

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