uk manufacturing output in shock fall in february
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

UK manufacturing output in shock fall in February

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice UK manufacturing output in shock fall in February

London - Arabstoday
Factory output was also down 1.4% compared with a year ago, the Office for National Statistics said. Economists had forecast a 0.1% rise for both the month and year, but some have questioned the official data. Recent private sector surveys suggest the economy is picking up, with growth in manufacturing and services. The ONS also revised down January\'s manufacturing figure to show a drop of 0.3%. It had previously stated a 0.1% rise. But the wider measure of industrial production, which includes energy and mining, rose 0.4% month-on-month. Colder weather in February, after a relatively mild December and January, boosted oil and gas production and electricity generation. Industrial production was down 2.3% on February 2011. Chris Williamson from Markit, which provides the Purchasing Managers\' Index (PMI) series of data, told the BBC the monthly ONS figures were very volatile and there was a chance that they would subsequently be revised up. The PMIs, which have been more buoyant recently, were more forward-looking, he said. He also pointed to the three-month on three-month figures provided by the ONS, which showed a rise of 0.2% in manufacturing, as being more indicative of the longer term trend. Ross Walker, economist at RBS, agreed that the February figures were \"a strange set of numbers\". \"It doesn\'t feel right - the 1% fall in manufacturing. It looks anomalous, it doesn\'t really go with the big grain of the surveys.\" But he added: \"This shouldn\'t throw any real spanner in the works, it isn\'t going to prompt people to change GDP forecasts.\" The UK economy is widely expected to have recorded slight growth in the first quarter of 2012. David Kern, chief economist at the British Chambers of Commerce, said the total industrial production figure \"still supports our assessment that there will be a small increase in GDP in the first quarter of the year\". \"But we are aware that early estimates for the construction sector point to exceptionally large and almost implausible declines a few months ago, and this may push the economy into technical recession. \"This raises some serious questions about recent ONS estimates. We believe that the business surveys give a better picture of the underlying trends in the economy.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uk manufacturing output in shock fall in february uk manufacturing output in shock fall in february

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uk manufacturing output in shock fall in february uk manufacturing output in shock fall in february

 



GMT 10:18 2016 Wednesday ,23 March

cartoon seven

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences

GMT 19:04 2016 Wednesday ,25 May

Snurk Beddengoed

GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 21:14 2018 Sunday ,14 January

The 2015 Iran nuclear deal

GMT 12:31 2015 Sunday ,18 January

INU, the smart, high-end electric scooter

GMT 12:11 2013 Sunday ,01 December

Sweet & fruity Yorkshire

GMT 14:34 2011 Thursday ,22 September

Skoda Laura vRS: First Drive

GMT 13:11 2016 Friday ,30 September

Giant dinosaur footprint discovered in Mongolia desert

GMT 17:50 2012 Saturday ,07 July

Pioneer bishop dies at 92

GMT 13:02 2014 Friday ,06 June

Education is key to building a nation

GMT 21:00 2017 Wednesday ,18 October

Bethlehem Museum Celebrate Palestinian Heritage Day

GMT 11:07 2015 Friday ,25 September

Singapore criticises Indonesia over haze response
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice