British Manufacturing Output Slides

Nov. 5, 2008
Decline marks the seventh consecutive monthly fall

British manufacturing output fell by 0.8% in September from the August level, the seventh monthly fall in a row, and was down 2.3% on a 12-month basis, the Office for National Statistics said on Nov. 5.

The ONS said that a wider measure of industrial production, which includes mining, quarrying and energy, declined 0.2% in September from August and was down 2.2% year-on-year.

"Manufacturers are being hit hard by depressed domestic demand, weakening activity in key export markets, tight credit conditions and extended elevated input costs," said IHS Global Insight economist Howard Archer. "While the significantly weaker pound is helping UK manufacturers, this is being more than offset by deteriorating domestic demand in key export markets, notably the eurozone and the United States."

Copyright Agence France-Presse, 2008

Popular Sponsored Recommendations

Goodridge Boosts Productivity & Saves Costs by Moving to the Cloud!

Dec. 4, 2023
With Infor's cloud solutions, Goodridge has been able to greatly increase overall productivity, cost savings, data visibility, and automation. This case study discusses the many...

Electric Vehicles Spark New Opportunities in the Automotive Industry

Dec. 4, 2023
Automakers have increased plans to produce Electric Vehicles to meet customer demand for low emissions. With this radical shift, new opportunities and challenges for the auto ...

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Voice your opinion!

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