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Manufacturing: Key Economic Indicators

Published Friday, June 16, 2017

Manufacturing: Data on manufacturing jobs, output and producer confidence.

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Manufacturing is one of the production industries, which also include mining, electricity, water & waste management and oil & gas extraction.

In 2016, the manufacturing sector accounted for 10% of total UK economic output (Gross Value Added).  In December 2016 it accounted for 8% of jobs.

Manufacturing Output

Total manufacturing output was up in April 2017 compared to March 2017, by 0.2%, a small rise after falling in February.

Manufacturing output was unchanged at 0.0% over the whole year to April 2017.

 

Purchasing Managers’ Index (PMI)

The Markit/CIPS UK Manufacturing PMI is an important indicator of confidence in the sector.

In May 2017 it was 56.7, only slightly below April's three-year high of 57.3. The headline PMI has now remained above the neutral mark of 50.0 for ten months.

(A figure above 50 indicates that output is increasing).

 

 

Commons Briefing papers SN05206

Author: Gloria Tyler

Topics: Economic situation, Manufacturing industries

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