House of Commons Library

Manufacturing: Key Economic Indicators

Published Thursday, May 10, 2018

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

Jump to full report >>

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

In 2017, the manufacturing sector accounted for 10% of total UK economic output (Gross Value Added).  In September 2017 it accounted for 8% of jobs.

Manufacturing Output

Total manufacturing output was up 0.2% in the 3 months to March 2018 compared with the 3 months to December 2017.

There has been a slowdown in this sector since January 2018, and the current three-monthly rise has not been broad-based, with only 5 of the 13 sub-sectors experiencing growth over this period.

 

 

Purchasing Managers’ Index (PMI)

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

In April 2018 the UK Manufacturing PMI was 53.9, continuing down from November’s 51-month high of 58.2. This was the twenty-first consecutive month where the index has been above 50, and the average for Q4 2017 was the highest since Q2 2014.

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

 

Commons Briefing papers SN05206

Author: Gloria Tyler

Topics: Economic situation, Manufacturing industries

Share this page

Stay up to date

  • Subscribe to RSS feed Subscribe to Email alerts Commons Briefing papers

House of Commons Library

The House of Commons Library provides research, analysis and information services for MPs and their staff.