Index Of Production, UK - May 2024

11th July 2024

Monthly production output was estimated to have risen by 0.2% in May 2024; this follows an unrevised fall of 0.9% in April 2024.

The monthly increase in output for May 2024 resulted primarily from a rise of 0.4% in manufacturing, which was supported by smaller contributing increases in water supply and sewerage (0.4%) and mining and quarrying (0.1%); these rises were partially offset by a fall in electricity and gas (1.9%).

The monthly rise in manufacturing output in May 2024 saw increases in 7 of its 13 sub-sectors.

The largest positive contribution to manufacturing growth in May 2024 came from manufacture of food products, beverages and tobacco, which rose by 1.7%, mainly because of strong growth in alcohol production.

The largest negative contribution to manufacturing growth in May 2024 came from manufacture of transport equipment, which fell by 0.7%, solely from a fall of 1.8% from motor vehicles, trailers and semi-trailers.

Looking at the longer term profile, production output for the three months to May 2024 was flat at 0.0%, compared with the three months to February 2024; weakness from manufacturing, which fell by 0.3%, was offset by rises in water supply and sewerage (1.5%), electricity and gas (1.0%), and mining and quarrying (0.6%).

Read the full ONS report HERE