Manufacturing: Key Economic Indicators

Manufacturing: Data on manufacturing jobs, output and producer confidence.

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

In 2018, the manufacturing sector accounted for 10% of total UK economic output (Gross Value Added). In September 2019, it accounted for 8% of jobs.

Manufacturing Output

Total manufacturing output fell by 10.5% in the 3 months to April 2020 compared with the 3 months to January 2020.

For the three months to April 2020, manufacturing output decreased by 14.0%, compared with the three months to April 2019.

Monthly manufacturing output in April compared to March was down 24.3%, with 12 of the 13 subsectors displaying downwards contributions.

Purchasing Managers’ Index (PMI)

In the Markit/CIPS PMI, a value of 50 means that there is no change compared to the previous month. Values above 50 indicate an expansion, and values below 50 a contraction.

The PMI for June 2020 was 50.1, a rise of 9.4% on the May level and fractionally above the neutral 50.0 value.