IET: Manufacturing must be boosted to rebalance the economy say engineers

October’s manufacturing output declined by 0.7% compared to September, according to the Index of Production.

Commenting on the figures, Professor Steve Evans from the Institution of Engineering and Technology (IET) said: “The November Index of Production demonstrates the need for all of manufacturing to be taken into consideration when government measures are developed for the manufacturing sector. This is something the IET called for in the 2011 UK Manufacturing Summit Boardroom Report.

“The two largest subsectors of manufacturing, food and drink and basic metals and metal products are also two of the sectors which contributed the most to November’s decline in manufacturing output; both sectors use advanced technology, requiring significant capital investment and the right level of skills.

“Focusing purely on Aerospace, Automotive and Pharmaceutical growth will not contribute enough toward rebalancing the economy. Skills, business processes and efficiency and access to affordable finance are cross cutting issues which should be prioritised.”


Link to Boardroom report:
Interview opportunities are available with IET spokespersons
The IET is Europe’s largest professional body of engineers with over 150,000 members in 127 countries
For more information, visit
Follow the IET on Twitter

Robert Beahan
Media Relations Manager

T: +44 (0)1438 767336
M: +44 (0)7595 400912

Follow the IET on Twitter