Index of Production, July 2014

10th September 2014

Production output is estimated to have increased by 1.7% between July 2013 and July 2014. This reflects increases of 2.2% in manufacturing (the largest component of production); and 3.4% in electricity, gas, steam & air conditioning output.
The main manufacturing components contributing to the increase between July 2013 and July 2014 were the manufacture of rubber, plastic products & other non-metallic mineral products; the manufacture of transport equipment; and the manufacture of basic metals & metal products.

Production output is estimated to have increased by 0.5% between June 2014 and July 2014. There were increases in three of the main sectors, with electricity, gas, steam & air conditioning output being the largest contributor, increasing by 3.6%.

The main manufacturing components contributing to the increase between June 2014 and July 2014 were basic pharmaceutical products & pharmaceutical preparations; food products, beverages & tobacco; and computer, electronic & optical products.

In the three months to July 2014, production and manufacturing were 11.3% and 7.6% respectively below their figures reached in the pre-downturn GDP peak in Q1 2008.

There is no impact on previously published estimates as no previous periods were open for revision. This is in line with the standard revisions policy for National Accounts.