LONDON
,
November 11, 2022
(press release)
–
Movements in the volume of production for UK production industries: manufacturing, mining, and quarrying, energy supply and water and waste management.
Main points
- Monthly production output rose by 0.2% between August and September 2022 and is now 0.3% above February 2020, which was the last month of "normal" trading conditions before the coronavirus (COVID-19) pandemic.
- The monthly rise in output resulted from strength in three of the four production sectors, with electricity and gas growing by 1.5%, mining and quarrying by 0.7%, and water supply and sewerage by 0.3%, while manufacturing remained flat.
- Manufacturing saw 10 of its 13 sub-sectors negatively contributing to growth during September as the manufacture of basic metals and metal products contributed negative 0.28 percentage points to the Index of Production (IoP) (with growth falling by 3.4%), manufacture of chemicals and chemical products contributed negative 0.14 percentage points (with growth falling by 3.0%), and manufacture of computer, electronic and optical products contributed negative 0.12 percentage points (with growth falling by 2.7%).
- Partially offsetting the negative growth in manufacturing was a positive contribution of 0.50 percentage points (with growth rising by 9.3%) from basic pharmaceutical products.
- Output remained below the February 2020 pre-coronavirus pandemic levels in the mining and quarrying sector (13.5% below) and the manufacturing sector (1.5% below).
- In contrast, water supply and sewerage, and electricity and gas were above the February 2020 level, at 13.9% and 10.6%, respectively.
- Production output for Quarter 3 (July to Sept) 2022 fell by 1.5%, compared with Quarter 2 (Apr to June) 2022, with falls in manufacturing (2.3%), water supply and sewerage (1.4%), and mining and quarrying (1.0%), while electricity and gas rose by 2.6%.
- Further analysis of the effect on our monthly IoP estimate is available in our Gross domestic product (GDP) monthly estimate, UK: September 2022 bulletin, published 11 November 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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