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UK's production output stagnates in September 2023

13 Nov '23
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • UK saw no growth in production output for September ****, marking a period of stagnation after a minor decline in August.
  • The country's manufacturing output saw a negligible increase of *.1 per cent, with a mixed performance across sub-sectors.
  • The third quarter of **** also mirrored this trend, displaying no growth compared to the second quarter.

In the month of September, two of the four production sectors reported a rise in output, but the overall contribution remained minimal with manufacturing only seeing a slight increase of *.* per cent. Despite this, the manufacturing sector did see some positive movements, with a *.* per cent increase in output. This growth was uneven, however, with five of the thirteen sub-sectors experiencing uplifts.

The quarterly perspective offers a similar view of stagnation. The third quarter of **** (July to September) showed no growth in production output when matched against the second quarter of the same year (April to June), which itself had enjoyed a growth of *.* per cent. Despite the overall flat growth, the manufacturing sector was highlighted as the main positive contributor in the third quarter of ****, as per ONS.

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