British Manufacturing Output at Lowest Growth in 18 Months

Oct. 12, 2011
Falls 0.3% in August

Recording its lowest annual growth rate for 18 months, Britain's manufacturing output fell 0.3% in August compared with July.

Production rose 1.5% in August compared with 12 months earlier -- the smallest annual increase since February 2010, the Office for National Statistics said.

Industrial production overall, which includes mining and quarrying, as well as the electricity, gas and water supply sectors, rose 0.2% in August from July but dropped 1% on an annual basis.

"August is the sixth consecutive month during which industrial production has stagnated or fallen year-on-year," said Teodor Todorov, an economist at the Center for Economics and Business Research.

"While manufacturing has performed better than other industry groups, its pace of its growth is definitely slowing."

The data comes just a few days after the Bank of England injected £75 billion (US $115 billion) of new money into Britain's stalled economy in a bid to boost growth.

Copyright Agence France-Presse, 2011

Popular Sponsored Recommendations

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Why DataOps may be the key to unlocking the full potential of digital transformation

Nov. 3, 2023
Read the 2023 market survey conducted by IndustryWeek

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

Voice your opinion!

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