UK's monthly production output was estimated to have risen by 0.2% in March 2024; this follows a rise of 1.0% in February 2024 (revised down 0.1 percentage point) and a fall of 0.5% in January 2024 (revised down 0.2 percentage points).
Monthly manufacturing output rose by 0.3% in March 2024 and saw a mixed profile of growth at the sub-level, with increases in 5 of its 13 subsectors.
The largest positive contribution to manufacturing growth in March 2024 came from manufacture of basic pharmaceutical products and pharmaceutical preparations (7.6%); the largest negative contribution came from manufacture of transport equipment (2.8%).
The remaining manufacturing sub-industries (excluding basic pharmaceutical products and transport equipment manufacturing) contributed minimally to IoP growth in March 2024.
Looking at the longer-term profile, quarterly production output for Quarter 1 (Jan to Mar) 2024 rose by 0.8% compared with Quarter 4 (Oct to Dec) 2023, growth came primarily from manufacturing (1.4%); partially offset by a fall in water supply and sewerage (2.4%).
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