Thursday, May 10, 2012
Mixed industrial news
Posted by David Smith at 10:00 AM
Category: Thoughts and responses

There was a welcome 0.9% rise in manufacturing output in March, according to the Office for National Statistics, following a disappointing 1% drop in February. Manufacturing output was flat in the first quarter compared with the final quarter of 2011, still notably weaker than the message from the surveys.

Manufacturing's good work was, however, undermined by other parts of industrial production, particularly energy. The mining and quarrying sector, which includes North Sea oil, was down by 10.2% in March compared with a year earlier, while mild weather meant electricity and gas supply recorded a year-on-year fall of 6.2%.

Overall industrial production fell by 0.4% in the first quarter compared with the fourth quarter of 2011, in line with the number used for the first quarter GDP data. More here.