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Manufacturing is one of the production industries, which also include mining, electricity, water & waste management and oil & gas extraction.

In October–December 2023, the manufacturing sector accounted for 9.3% of total UK economic output (Gross Value Added) and 8.1% of employment.

Manufacturing Output

Manufacturing output rose by 1.2% between January and February following a decrease of 0.2% between December 2023 and January 2024.

Manufacturing output for the three months to February 2024 was 1.2% higher than in the three months to November 2023.

Output in the three months to February 2024 was 2.1% higher than output in the same period the previous year.

Purchasing Managers’ Index (PMI)

The UK manufacturing PMI (PDF) was 50.3 in March 2024, up from 47.5 in February 2024. This was the first time the index rose above 50 since July 2022. The expansion was mostly driven by domestic orders.

Manufactures confidence improved, with 58% expecting production to increase over the next year, compared to 7% expecting contraction. Supply chain issues following the Red Sea crisis, along with weak export demand and input price increases continued to drag on production.


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