Are we out of the woods?

According to figures published yesterday from the UK Office of National Statistics, manufacturing output over the past three months has risen by 0.5%.

According to figures published yesterday from the UK Office of National Statistics, output from the production industries in the latest three months rose by 0.8% compared with the previous three months.

In the same period, there was an increase of 0.5% in manufacturing output, while output of the electricity, gas and water supply industries rose by 1.2%, and mining and quarrying output (including oil and gas extraction) rose by 2.8%, compared with the previous three months.

In the latest three months, oil and gas extraction output rose by 2.9% compared with the previous three months and was 3.2% lower than in the same period a year ago. Between April and May, the seasonally adjusted index for oil and gas extraction rose by 3.9% due to rises in oil and gas production. Coal production was 5.1% lower in the latest three months compared with the previous three months and was 1.1% lower than in the same period a year ago.

Manufacturing output in the latest three months rose by 0.5% compared with the previous three months. In the latest three months, there were significant increases in output of 1.3% in the food, drink and tobacco industries, 1.0% in the basic metals and metal products industries and 2.5% in the other manufacturing industries.

Between April and May, manufacturing output rose by 0.7%. There were significant increases in output of 2.1% in the transport equipment industries, 1.5% in the basic metals and metal products industries and 1.6% in the machinery and equipment industries.

Output of the electricity, gas and water supply industries in the latest three months rose by 1.2% compared with the previous three months. Between April and May, output rose by 0.5%. In the latest three months, output in this sector was 0.8% lower than in the same period a year ago.

In the latest three months, output of the durable goods industries rose by 2.1% compared with the previous three months. There were rises in output of 3.1% in the other durable goods industries and 0.7% in the cars industries. Output of durable goods in the latest three months was 4.6% higher compared with the same period a year ago.

Output in the non-durable goods industries rose by 0.5% in the latest three months compared with the previous three months. There was a rise in output of 1.6% in the food, drink and tobacco industries. There were falls in output of 1.6% in the clothing and footwear industries and 0.2% in the other non-durable goods industries. Output of non-durable goods in the latest three months was 1.8% higher than in the same period a year ago.

Output of the investment goods industries fell by 1.3% in the latest three months compared with the previous three months. There were falls in output of 2.7% in the transport goods industries, 1.1% in the electrical goods industries and 0.9% in the other investment goods industries. In the latest three months, output of investment goods was 15.9% lower than in the same period a year ago.

Output in the intermediate goods industries rose by 1.5% in the latest three months compared with the previous three months. There were rises in output of 1.4% in the materials sector and 1.6% in the fuels sector. Output of intermediate goods in the latest three months was 1.9% lower than in the same period a year ago.