Thursday, November 05, 2009
Manufacturing bounces back
Posted by David Smith at 09:45 AM
Category: Thoughts and responses

Manufacturing output jumped by 1.7% between August and September as factories recovered from summer shutdowns. Overall industrial production rose by 1.6%. These were better than the Office for National Statistics had allowed for in the GDP figures but earlier data revisions mean they have no implications for those initial GDP estimates. While manufacturing output slipped by a modest 0.1% in the third quarter, overall industrial production was down by 0.8%, hit by weak energy output. More details here.

Meanwhile, new car registrations in October were 168,942, an impressive 31.6% rise on a year earlier. Scrappage has worked, and business buyers may also be making a comeback. More here.