Monthly UK production output up by estimated 0.2% in March

11 May 24 1 min read

Insights

  • Monthly UK production output was estimated to have risen by 0.2 per cent in March, following a rise of 1 per cent in February and a fall of 0.5 per cent in January, official statistics show.
  • Monthly manufacturing output rose by 0.3 per cent in March and saw a mixed profile of growth at the sub-level, with increases in five of its 13 sub-sectors.
Monthly UK production output was estimated to have risen by 0.2 per cent in March this year, following a rise of 1 per cent in February—revised down by 0.1 percentage point—and a fall of 0.5 per cent in January—revised down by 0.2 percentage point, according to the Office of National Statistics (ONS).

The monthly increase in output for March resulted from a rise in two of the four production sectors, with the largest contribution from manufacturing.

Monthly manufacturing output rose by 0.3 per cent in March and saw a mixed profile of growth at the sub-level, with increases in five of its 13 sub-sectors, an ONS release said.

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Looking at the longer-term profile, quarterly production output for Q1 2024 rose by 0.8 per cent compared with Q4 2023; growth came primarily from manufacturing (1.4 per cent).

Fibre2Fashion News Desk (DS)

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