• Manufacturing output in November 2015 was down 0.4% on the month, and down 1.2% on the year
  • Total industrial production was down 0.7% on the month, but up 0.9% on the year

 

Commenting on the UK Index of Production figures for November 2015, published today by the ONS, David Kern, BCC Chief Economist, said:

“The decline recorded in the manufacturing sector in November was disappointing, but not surprising. This reinforces the findings of our own Quarterly Economic Survey published last week, which showed that the sector was battling both acute headwinds from global export markets and major structural issues at home.

“While the UK economy will continue to rely on its vibrant services sector to drive growth, manufacturing remains a critically important part of our economy. Although we cannot change the challenging global environment there is still work to do to support our manufacturing sector in areas such as access to finance to make it more competitive globally.”