Member Article

UK production outputs fall in November

Production volumes disappointed in the penultimate month of last year, with a 2.4% drop year-on-year according to figures from the Office of National Statistics (ONS).

Although there was a slight 0.3% rise in production between October and November 2012, the figures were still a blow in comparison with the same period in 2011.

Manufacturers also suffered a fall in November, down 2.1% year-on-year, with the most significant slowdown in food, drink and tobacco, which fell by 4.6%.

ONS said November’s production drop is the 20th month in a row showing a decrease in comparison with the same month in the previous year.

Construction output was also severely damaged in the same month, with a 9.8% fall from November 2011 after new work decreased by 11.2%, repairs and maintenance were down 5% and output volumes dropped 9.1%.

The private sector, which accounts over a fifth of construction work, was the biggest contributor the this slump with a 16.2% decline in work.

This was posted in Bdaily's Members' News section by Miranda Dobson .