Engineering sector up – just!

The Office of National Statistics has released figures for the second quarter of 1999 showing total turnover in engineering up 0.3% compared to the previous quarter. Compared to the same period in 1998 total turnover is up 3.0%. This increase is up against a background of falling orders; orders decreased by 1.2% compared to the […]

The Office of National Statistics has released figures for the second quarter of 1999 showing total turnover in engineering up 0.3% compared to the previous quarter.

Compared to the same period in 1998 total turnover is up 3.0%. This increase is up against a background of falling orders; orders decreased by 1.2% compared to the previous three month period and 5.6% compared to the previous year.

In the machinery and equipment engineering industries total turnover, compared to the same period a year ago, was down by 5.2% due to decreases of 11.3% in export turnover and 1.4% in home turnover. The electrical and optical equipment engineering industries fared better with a total turnover averaging £4.7 billion for the second quarter of 1999, increases of 2.5% in home and 0.9% in export turnover.