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09/05/2014
UK Manufacturing Grows 1.4%
UK manufacturing output has risen by 1.4% in the first quarter of 2014.
This is the strongest quarterly pace since 1999, according to figures from the Office for National Statistics (ONS).
The ONS also predicted a growth remaining at approximately 2.4% for the next two years.
The unexpected rise in manufacturing was lead by rubber and plastics, which grew by 7.3% while food, beverages, tobacco, machinery and equipment.
The industrial production increased by 0.7% in the quarter.
However, David Kern, chief economist at the British Chambers of Commerce said: "While there are signs of a small improvement in the UK's international trade performance over time, the pace of change is still painfully slow."
(CVS/CD)
This is the strongest quarterly pace since 1999, according to figures from the Office for National Statistics (ONS).
The ONS also predicted a growth remaining at approximately 2.4% for the next two years.
The unexpected rise in manufacturing was lead by rubber and plastics, which grew by 7.3% while food, beverages, tobacco, machinery and equipment.
The industrial production increased by 0.7% in the quarter.
However, David Kern, chief economist at the British Chambers of Commerce said: "While there are signs of a small improvement in the UK's international trade performance over time, the pace of change is still painfully slow."
(CVS/CD)
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