Index Of Production UK - April 2024

12th June 2024

Monthly production output was estimated to have fallen by 0.9% in April 2024; this follows a rise of 0.2% in March 2024 and 1.0% in February 2024.

The monthly decrease in output for April 2024 resulted from a fall of 1.4% in "manufacturing"; this was partially offset by rises in "water supply and sewerage" (1.3%), "mining and quarrying" (0.8%) and "electricity and gas" (0.5%).

The monthly fall in manufacturing output in April 2024 saw decreases in 9 of its 13 subsectors.

The largest negative contribution to manufacturing growth in April 2024 came from "manufacture of basic pharmaceutical products and pharmaceutical preparations", which fell by 6.1%; the largest positive contribution came from "machinery and equipment not elsewhere classified" (1.2%).

Looking at the longer-term profile, production output for the three months to April 2024 rose by 0.7% compared with the three months to January 2024; growth came primarily from “manufacturing" (1.0%), supported by a small rise in “electricity and gas” (0.2%).

Read the full report HERE