UK Manufacturing Grew Again in October


Annual growth in factory output hit 3.9 per cent in October, the biggest increase since December 2016.

United Kingdom manufacturing has risen for the sixth successive month, underlining a healthy upward momentum in the British economy.

The drop was driven by a three per cent fall in fix and maintenance and a 0.6 per cent fall in all new work.

Manufacturing output from United Kingdom factories rose 0.1 per cent in October from September, according to figures from the Office for National Statistics (ONS), broadly in line with economists' forecasts.

Andrew Sentance, senior economic adviser at PwC and a former Bank of England rate-setter, said the figures were positive. "Until we get to that point, many businesses will need to prepare for any and every eventuality", said Stephen Phipson, chief executive of the EEF manufacturers association.

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United Kingdom manufacturing output expanded for the sixth consecutive month in October, helped by record vehicle production.

Still, exports in volume terms outpaced imports, helped by a resurgent European market.

In contrast, the latest official figures also show a further sharp decline in construction output in October, down 1.7% month on month, after contracting in both the second and third quarters. Output dropped 1.7 percent on the month, worse than all forecasts in a Reuters poll.

But there was one ray of light: in the third quarter of the year, new orders grew by a record 37.4 per cent, although the ONS said that was largely thanks to several high-value new contracts relating to the government's HS2 rail project.