Monthly manufacturing output decreased by 0.2 per cent and saw eight of its 13 sub-sectors negatively contributing to growth during May 2023, according to the Office of National Statistics (ONS).
The country’s monthly production output was 0.2 per cent below February 2020, the last month of ‘normal’ trading conditions before the COVID-19 pandemic. Several main production sectors, including electricity and gas and manufacturing were above their February 2020 levels, by 0.7 per cent and 0.8 per cent, respectively.
Looking at the longer term profile, production output for the three months to May 2023 rose 0.4 per cent compared with the three months to February 2023. Growth came primarily from manufacturing at 0.8 per cent.
ALCHEMPro News Desk (NB)
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