British Manufacturing Steadies In May

July 6, 2005
Britain's manufacturing output steadied in May, supported by increases in production of food, drink and tobacco, official data showed July 6.  Manufacturing output, which accounts for almost 20% of British gross domestic product growth, was unchanged ...

Britain's manufacturing output steadied in May, supported by increases in production of food, drink and tobacco, official data showed July 6. Manufacturing output, which accounts for almost 20% of British gross domestic product growth, was unchanged from April, the National Statistics Office said.

Manufacturing output, which accounts also for 80% of British industrial production, fell by 1.7 % on a 12-month basis, although analysts had forecast a drop of 2.2%. The wider measure of industrial production, which includes oil and gas output, rose by 0.1% in May from April, helped by solid increases in mining and quarrying, as well as electricity, gas and water supplies. This was the second monthly increase in a row following three declines. Economists' consensus forecast was for a 0.2% fall.

Copyright Agence France-Presse, 2005

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!