Bad news for George Osborne as new figures reveal UK manufacturing shrank in April
Overall industrial production grew by 0.1% for the month
George Osborne’s march of the makers is still stuttering, according to official figures released today showing that manufacturing output contracted by 0.2% in April on the previous month, following gains of 1.1% in March and 0.7% in February.
However, overall industrial production grew by 0.1% month on month, prompting City analysts to hail further evidence of an economic improvement. “The nascent industrial recovery is for now still under way” said Samuel Tombs of Capital Economics. Mining and quarrying, including oil and gas extraction, grew by 0.9% on the month according to the Office for National Statistics.
Lee Hopley, of the manufacturers’ organisation EEF, said: “We are still looking at a pick-up in activity across UK manufacturing through the second half of this year.” The Markit/CIPS purchasing managers’ survey for manufacturing in May showed overall activity expanding at the fastest rate in over a year.
The overall economy grew by 0.3% in the first quarter of 2013, meaning the UK avoided a return to recession, and surveys covering the services and construction sectors last week pointed to a brightening picture in the second quarter.
The National Institute of Economic and Social Research today forecast that the economy grew by 0.6% in the three months ending in May, down from the 1% expansion it estimated in the three months to April. The NIESR is forecasting total growth over 2013 of 0.9%, driven primarily by the services sector.
- 1 Half of young women unable to ‘locate vagina’ and 65% find it difficult to say the word
- 2 Perez Hilton apologises for Jennifer Lawrence naked photo leak
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Mexican woman becomes world’s 'oldest person' at 127
- 5 Jennifer Lawrence 'naked sex video' will be leaked threatens 4Chan celebrity photo hacker
Perez Hilton apologises for Jennifer Lawrence naked photo leak
Ariana Grande nude photos leak: 'These are completely fake' say singer's representatives
A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Israel to appropriate 400 hectares in West Bank for ‘state use’
Kate Upton nude pictures leak: Model's representatives 'looking into' authenticity of naked images
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
£40000 - £50000 per annum + benefits+bonus+package: Harrington Starr: SQL Impl...
£45000 - £55000 per annum + Benefits + Bonus: Harrington Starr: SQL Technical ...
£85000 per annum: Harrington Starr: Head of IT (Windows, Server, VMware, SAN, ...
£55000 - £60000 per annum + Benefits + Bonus: Harrington Starr: Lead C# Develo...