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Wednesday 16th of February 2011

News Tag: manufacturing output

February 10, 2011

UK manufacturing output sees fall in December

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today revealed UK manufacturing output fell in December - due to the severe wintry weather during the month. However, the coldest December for a century resulted in a sharp rise in energy production leading to an overall rise in output. According to the ONS, manufacturing output fell 0.1% in December after November’s 0.6% gain. Analysts had ...



December 7, 2010

UK manufacturing output up in October

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today revealed UK manufacturing output grew by 0.6% in October compared with September – the biggest gain since March. It was also better than the 0.3% rise expected by analysts. Meanwhile, overall industrial production, which also includes utilities, mining and quarrying, fell 0.2% on the month - the weakest since June. Out of 13 categories of manufacturing ...



October 7, 2010

UK interest rates and QE remain on hold

by Kay Murchie
’UK
The Bank of England’s Monetary Policy Committee (MPC) has today elected to keep UK interest rates on hold at the historically low level of 0.5% – where they have been since March 2009. Furthermore, the Bank opted not to inject any more funds into the economy via its quantitative easing (QE) scheme – introduced to stimulate growth within the economy. Both ...



UK manufacturing output continues recovery in August

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today revealed UK manufacturing output grew by 0.3% in August compared with July - the highest gain since November 2008. Not only was this better than the 0.2% rise expected by analysts, it follows the revised 0.4% gain in July. Out of 13 categories of manufacturing, nine grew and four declined, with positive contributions from ...



September 8, 2010

UK manufacturing output rebounds in July

by Kay Murchie
”UK
The Office for National Statistics (ONS) has today revealed UK manufacturing output grew by 0.3% in July compared with June, recovering from a drop caused by an early start to oil rig maintenance in June. The figures, which were in line with expectations, meant the annual rise stood at 4.9% - the best annual gain since December 1994. Commenting, George Buckley, UK ...



August 6, 2010

UK industrial output in surprise fall in June

by Kay Murchie
”UK
The Office for National Statistics (ONS) today revealed UK industrial output fell unexpectedly in June. According to the ONS, output fell 0.5% on the month against forecasts of a 0.2% rise. However, the fall was attributed to a 6% decline in oil and gas output. Following the announcement, the pound lost fell half a cent against the US dollar. The ONS said the ...



September 8, 2009

BRC reports fall in UK retail sales in August

by Kay Murchie
”BRC
The British Retail Consortium (BRC) has today revealed a fall in retail sales for the month of August due to the rainfall which kept shoppers away from the High Street. UK like-for-like sales (which excludes new stores) fell 0.1% compared with August 2008, according to the BRC. Sales of clothing and footwear lost ground, while the brief recovery in ...



July 7, 2009

British manufacturing output falls unexpectedly in May

by Kay Murchie
”British
The Office for National Statistics (ONS) today revealed a fall in British manufacturing output. According to the ONS, manufacturing output fell 0.5% in May compared with April. Analysts had forecast a fall of 0.2%. Meanwhile, on an annualised basis, output in May was down 12.7%, while market expectations had been for an annual drop of 11.8%. The weak industrial output data has led ...



June 10, 2009

UK industrial output in surprise rise

by Kay Murchie
”UK
Figures released today by the Office for National Statistics (ONS) have triggered hopes of an economic recovery after UK industrial output showed a surprise increase in April - the first month-on-month rise for 14 months. According to the ONS, industrial output rose 0.3% from March - analysts had forecast a decline of 0.1%. Furthermore, the ONS reported that manufacturing output also rose ...



May 22, 2009

British household spending in biggest fall since 1980

by Kay Murchie
”British
Figures released today by the Office of National Statistics (ONS) revealed that spending by British households fell by 1.2% in the first three months of 2009 - the largest fall since 1980. According to the ONS, the only positive contribution to growth was Government spending. In addition to the fall in household spending, the ONS said compensation for employees (wages and ...



April 1, 2009

Japan’s economy hit by more bad news as business sentiment at record low

by Kay Murchie
”Japan’s
The latest Bank of Japan's quarterly Tankan survey has revealed that business confidence among major manufacturers in Japan has hit the lowest level ever. The survey of 10,000 companies, which is seen as a key indicator of the health of the country's economy, revealed that confidence has plummeted to a 35-year low. The world’s second ...



March 31, 2009

Fears for Japan as unemployment rate hits 4.4%

by Kay Murchie
”Fears
There is more bad news for Japan today after the statistics bureau in Tokyo announced that the unemployment rate has risen to a 3-year high of 4.4%, up from 4.1% in January. The Government said that the number of people out of work in Japan last month stood at 2.99 million, up by 330,000 from the previous year. The export-dependent economy, ...



March 30, 2009

Japan’s woes continue as economy heads for deflation

by Kay Murchie
...



November 5, 2008

BoE under severe pressure for interest rate cut

by Kay Murchie
”BoE
The Bank of England is under severe pressure to cut interest rates this week after figures revealed that the service sector shrank in October. The service sector, which makes for almost three quarters of output, fell for the sixth consecutive month and was at its lowest level since 1996, according to an index compiled by the Chartered Institute of Purchase ...



July 7, 2008

Sharp fall in manufacturing output fuels recession fears

by Kay Murchie
”Sharp
Official data has revealed that manufacturing production fell in May triggering fears that the UK economy is heading towards a recession. The figures were much worse than anticipated as output fell by 0.5% during the month, while the wider measure of industrial production, including energy and water output, dropped 0.8%. The latest fall in manufacturing left the level of ...