LONDON
,
October 12, 2022
(press release)
–
Movements in the volume of production for UK production industries: manufacturing, mining, and quarrying, energy supply, water and waste management.
Main points
- Monthly production output fell by 1.8% between July and August 2022 and is now 0.9% below February 2020, which was the last month of “normal” trading conditions prior to the coronavirus (COVID-19) pandemic.
- The monthly fall in output resulted from a decline in three of the four production sectors, with mining and quarrying falling by 8.2%, manufacturing by 1.6% and electricity and gas by 0.6%; in contrast, water supply and sewerage remained flat at 0.0%.
- A fall of 10.6% in oil and gas extraction led the monthly decline in mining and quarrying output, which was due to maintenance of some of the larger terminals.
- Manufacturing saw 8 of its 13 sub-sectors negatively contributing to growth during August; most notably, manufacture of basic pharmaceutical products contributed negative 0.33 percentage points to the Index of Production (IoP) (with growth falling by 6.0%), manufacture of transport equipment contributed negative 0.26 percentage points (with growth falling by 3.0%), and manufacture of basic metals and metal products contributed negative 0.24 percentage points (with growth falling by 2.8%).
- Output remained below the February 2020 pre-coronavirus pandemic levels in two of the four production sectors, with monthly mining and quarrying output 16.6% below and manufacturing 2.0% below the February 2020 level; in contrast, water supply and sewerage was 12.3%, and electricity and gas 7.0% above the February 2020 level.
- Production output for the three months to August 2022 fell by 1.5%, compared with the three months to May 2022; there were falls in three of the four production sectors, 2.7% in mining and quarrying, 2.2% in manufacturing and 0.7% in water supply and sewerage; in contrast, electricity and gas rose by 3.5%.
- Further analysis of the effect on our monthly Index of Production estimate is available in our Gross domestic product (GDP) monthly estimate, UK: August 2022 bulletin, published 12 October 2022.
Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.
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