Documents to download

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

In 2019, the manufacturing sector accounted for 9.7% of total UK economic output (Gross Value Added). In September 2019, it accounted for 8% of jobs.

Manufacturing Output

Total manufacturing output for the three months to September 2020 increased by 18.7% compared with the three months to June 2020.

For the three months to September 2020, manufacturing output decreased by 8.8%, compared with the three months to August 2019. Monthly manufacturing output in September rose by 0.2% compared to August. 10 of the 13 subsectors displayed upward contributions. Output in September was 8.1% below pre-pandemic levels (February 2020). 

 

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 manufacturing PMI for November 2020 was 55.6, up from 53.7 in October and a 35-month high. November saw increased production due to companies re-opening from COVID-19 closures and improved demand. Purchasing activity from overseas and domestic orders also increased ahead of the Brexit transition period ending. Employment continued to decline in November but at a slightly slower rate.


Documents to download

Related posts