News Tag: output
March 15, 2010
Figures published by the Federal Reserve today revealed a marginal rise in US industrial production in February.
According to the US central bank, industrial output rose by just 0.1% in the month and followed a 0.9% increase in January.
However, the small rise was better than the zero percent that analysts had forecast after severe snowstorms swept most of the country during ...
US industrial output edges up in February
by Kay Murchie
January 14, 2010
Industry body, the EEF, has warned that UK manufacturers believe it will be 2011 before the industry returns to pre-recession levels.
It was recently announced that manufacturing output remained flat for a second consecutive month in November.
On an annual basis, manufacturing output declined by 5.4%, according to the Office for National Statistics (ONS).
The recession-hit sector has been struggling to see a ...
UK manufacturers warn recovery will be slow
by Kay Murchie
January 8, 2010
The Office for National Statistics (ONS) has today revealed a rise in factory prices for the month of December.
According to the ONS, the prices of goods leaving UK factories grew at a faster pace than expected at 0.5%.
The monthly rise takes the annual rate of output price inflation to 3.5% - exceeding forecasts of a 3.1% rise.
Meanwhile, input price inflation, ...
Factory prices exceed expectations in December
by Kay Murchie
November 20, 2009
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a fall in UK car production.
Car output declined 6.7% in October compared with a year ago, however, it was the smallest monthly drop this year.
According to the SMMT, there were 106,400 cars made in October and so far this year, 801,169 cars have been produced in the ...
UK car output down 6.7% on year
by Kay Murchie
September 25, 2009
The Society of Motor Manufacturers and Traders (SMMT) today announced an annual fall of 31.5% in the number of new cars made in the UK last month.
The decline in production was worse than the 17.9% fall seen in July, but this was partly due to car plants having extended shutdowns in August.
According to ...
August car output falls but cars built for UK market reaches 5-year high
by Kay Murchie
September 8, 2009
Influential think tank, the National Institute of Economic and Social Research (NIESR) said today that Gross Domestic Product (GDP) grew 0.2% in the third quarter after a 0.3% fall in the April to June period.
The NIESR specialises in estimating GDP prior to the release of figures from the Office for National Statistics.
However, while the Institute said the figures reinforced its ...
NIESR warns of period of stagnation
by Kay Murchie
UK manufacturing output sees rise in July
by Kay Murchie
September 1, 2009
The Chinese economy received a boost today after the official purchasing managers' index (PMI) rose to a 16-month high of 54 points in August, up from 53.3 the previous month.
August represented the sixth consecutive month that the official PMI figure was above the crucial 50 level - which represents growth and suggests that the economy is back on ...
China PMI rises to 16-month high in August
by Kay Murchie
August 12, 2009
The Bank of England’s Governor, Mervyn King, is to give the latest growth and inflation forecasts for the UK economy later today, with one analyst expecting it to be a “downbeat affair“.
Its quarterly Inflation Report will give the latest predictions on both the country's economic output and the rate of inflation.
It is also expected that the report will forecast ...
BoE latest quarterly inflation report due today
by Kay Murchie
July 21, 2009
Figures released today by the Office for National Statistics (ONS) have revealed that UK public sector borrowing soared by £13 billion in June, up from £7.5 billion a year ago.
This takes the nation's net debt to £798.8 billion - an increase of £157 billion compared with a year earlier.
While the figure was lower then expected, it represents the highest ...
Public sector borrowing soars by £13bn in June
by Kay Murchie
July 15, 2009
Japan's central bank has voted unanimously to keep interest rates on hold at 0.1%, as widely expected.
However, while the Bank was optimistic for the future, it noted the continued weakness in consumer spending, as well as a sharp fall in capital spending by companies.
Private consumption, which makes up for over half of the ...
Bank of Japan keeps interest rates on hold and is optimistic for the future
by Kay Murchie
July 10, 2009
The Office for National Statistics has today revealed that the cost of goods leaving UK factories fell at the sharpest pace in 8 years in June due to a slump in demand.
Output prices fell by a larger than expected 1.2%, quadruple the 0.3% decline recorded in the year to May and puts further downward pressure on inflation.
Analysts had forecast ...
Factory prices in steepest fall since 2001
by Kay Murchie
July 1, 2009
There are hopes that the UK’s beleaguered manufacturing industry is recovering after the Purchasing Managers' Index from the Chartered Institute of Purchasing and Supply (CIPS) said output in the industry rose for the first time since March 2008 in June.
The index showed a reading of 52.1 - anything above 50 is positive and indicates growing production.
While today’s figures ...
UK manufacturing production in first rise since March 2008
by Kay Murchie
June 29, 2009
The world’s second largest economy received some good news today with the Ministry of Economy, Trade and Industry announcing that industrial production was up 5.9% in May from a month earlier.
The gain was the third consecutive monthly rise with manufacturers predicting that output will rise 3.1% in June and 0.9% in July.
However, despite today’s rise, industrial output in May was ...
Japan’s industrial output up 5.9% on month
by Kay Murchie
June 24, 2009
The Organisation for Economic Cooperation and Development (OECD) is forecasting that the UK’s recession will end in this year but said recovery is likely to be "weak and fragile" for some time.
The OECD is forecasting that output will decline by 4.3% this year, revised upwards from its March forecast of a 3.7% fall.
The organisation, which represents the 30 ...
OECD: UK recovery to be ‘weak and fragile’
by Kay Murchie
May 13, 2009
The Office for National Statistics (ONS) has reported that British manufacturing output fell by 0.1% in March compared with the previous month.
While the figure showed a decline, it was not as bad as expected with analysts forecasting a fall of 0.8%. However, output fell 5.5% in the first three months of 2009 when compared with the previous three months ...
UK manufacturing output records further decline in March
by Kay Murchie
April 7, 2009
For the 12th consecutive month, UK manufacturing output fell in February according to the Office for National Statistics, and the quarterly measure has recorded the biggest drop since records began in 1968.
Manufacturing, utilities and mining have dropped by 12.5 percent in February from a year ago.
Car manufacturers have been hit particularly hard, although the figures show that all industry ...
UK industrial production falls for 12th consecutive month
by Peter Charalambous
March 10, 2009
Figures from the Office for National Statistics (ONS) have revealed manufacturing output in the UK fell for the eleventh consecutive month in January, and shrank at its fastest annual pace since January 1981.
According to the ONS, output fell 12.8% compared with a year ago as the downturn continues to have a devastating affect on the sector. ...
UK manufacturing output contracts at fastest annual pace since January 1981
by Kay Murchie
February 26, 2009
Economists at Strathclyde University believe Scotland could be hit hard by the recession with 159,000 jobs expected to go over the 2008 to 2011 period.
The alarming survey, conducted by the Fraser of Allander Institute, said the downturn could be worse than the recession in the 1980s and is predicting that Scottish net output could ...
Scotland set to lose thousands of jobs as it braces for recession
by Kay Murchie
January 30, 2009
Official figures from the Commerce Department have revealed that the world’s largest economy contracted at its sharpest rate in over 26 years in the last three months of 2008.
The figures show that US economic output plummeted 3.8%, the worst quarterly contraction since 1982, when output fell by 6.4%. While the figure was not as bad as analysts had ...
US heads for deepening recession as economy slows further
by Kay Murchie
