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UK production output increases

Posted on 24 Jun 2016 and read 2373 times
UK production output increasesAccording to the latest data from the Office for National Statistics, the UK’s total production output is estimated to have increased by 1.6% in April 2016 compared with April 2015.

There were increases in all four main sectors, with the largest contribution coming from manufacturing (the largest component of production), which increased by 0.8%.

The greatest contribution to the increase in manufacturing came from the manufacture of basic pharmaceutical products and pharmaceutical preparations, which increased by 12.5%, the largest rise since April 2009.

Total production output is estimated to have increased by 2.0% in April 2016 compared with March 2016. In the three months to April 2016, production and manufacturing were 9.4% and 6.4% respectively below their level reached in the pre-downturn GDP peak in the first quarter of 2008.