Manufacturing output rises at fastest pace since February 2011
Date: 3 January 2014
Manufacturing output rises at fastest pace since February 2011
The end of 2013 saw growth of the global manufacturing sector accelerate to a 32-month high according to the J.P.Morgan Global Manufacturing PMI (Purchasing Managers Index). Within these figures, the UK performed particularly well and continues to point to strong growth.
Sahar Danesh, Principal Policy Advisor for Manufacturing at the Institution of Engineering and Technology (IET), said: “This is great news for economic growth and shows that, contrary to what some sceptics say, the UK is shining in manufacturing.
“The data shows that UK manufacturing's strong upsurge continued in December, when growth in the UK was highest of all the G7 developed nations. This sends a strong message to those who claim that manufacturing in the UK is on the decline: the UK does indeed ‘still make things’ – and, most importantly, things that are in high demand.
“While manufacturing has yet to recover to pre-recession levels, growth in the sector should keep the recovery on track going into 2014.”
Ends
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