Drug firms boost manufacturing
Wednesday 08 September 1999
Production at the UK factories of the big drugs firms rose 5.4 per cent in the three months to July. The growth contributed to a rise of 0.3 per cent in overall manufacturing output. This was in line with forecasts and a recovery from a 0.2 per cent fall in June. A spokesman for the Office for National Statistics said: "Pharmaceuticals have been strong for the last few months. There are some new products that have been doing well."
The ONS is unable to release details of individual companies, but it is understood the surge was driven by strong performances by five pharma companies, including Pfizer, which makes Viagra. However, as the male impotence drug is manufactured in Ireland and France, its success would not have affected the data.
The figures are unlikely to influence the Bank of England's Monetary Policy Committee, which is expected to leave rates unchanged at 5 per cent when it announces the outcome of its monthly meeting at noon today.
Separate figures from the Confederation of British Industry showed high street sales jumped in August at the fastest rate for 18 months, while prices rose at their slowest rate since November 1994.
- 1 This restaurant has misunderstood the concept of 'cheese and biscuits'
- 2 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 3 PornHub turns masturbation into energy in bid to save the planet
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 The 'sex selfie stick' lets you FaceTime the inside of a vagina
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
PornHub turns masturbation into energy in bid to save the planet
Spiritual leader allegedly manipulated 400 men into removing testicles to be 'closer to God'
The 'sex selfie stick' lets you FaceTime the inside of a vagina
'This is what Islam tells us to do': A rare glimpse inside a Saudi Arabian prison – where Isis terrorists are showered with perks and privileges
New theory could prove how life began and disprove God
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
This is what it's like to be dead, according to a guy who died for a bit
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
End of the licence fee: BBC to back radical overhaul of how it is funded
iJobs Money & Business
£20000 - £21000 per annum + uncapped commission: SThree: As a graduate you are...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£15000 - £16000 per annum: Recruitment Genius: A Customer Service Advisor is r...
£22000 per annum + pension,bonus,career progression: Ashdown Group: An establi...