British industrial output jumps in September

  • British industrial output jumps in September

British industrial output jumps in September

A decline in the manufacturing of consumer durables brought down India's factory output growth in September to 3.80 per cent from 4.46 per cent in August.

The mining and quarrying sector rose 2.1 per cent in the three months to September compared with the previous quarter, while total manufacturing and electricity and gas both rose 1.1 per cent.

United Kingdom industrial production is increasing more than expected and the trade deficit is narrowing, a deluge of official figures showed on Friday, with manufacturing activity continues to grow but the construction sector entered a technical recession.

According to the use-based classification, growth rates in September 2017 came in at 6.6 per cent for primary goods, 7.4 per cent for capital goods, 1.9 per cent for intermediate goods and 0.5 per cent for infrastructure/construction goods compared to the previous year. In September past year, consumer durables output grew 14 per cent.

The 0.7 per cent increase in industrial performance beat all analysts' expectations but was not enough to raise the ONS's initial estimate for third-quarter GDP growth of 0.4 per cent.

The industry group "manufacture of pharmaceuticals, medicinal chemical and botanical products" has shown the highest positive growth of 26.4 percent followed by 13.2 percent in "Manufacture of computer, electronic and optical products" and 13.1 percent in "manufacture of motor vehicles, trailers and semi-trailers". Industrial output grew 2.5 per cent in the first half of this fiscal compared to 5.8 per cent a year before.

On the other hand, the industry group "other manufacturing" has shown the highest negative growth of (-) 27.1 percent followed by (-) 23.1 percent in "manufacture of tobacco products" and (-) 19.2 percent in "manufacture of electrical equipment".

"Consumer non-durables continued to march ahead, growing 10 per cent, which suggests buoyant rural demand".