Total production output increased 2.1% in May 2015 compared with May 2014, with manufacturing output increasing by 1%.
The Index of Production (IoP) figures, released today by the Office for National Statistics (ONS) show that the largest contribution to manufacturing’s rise came from the manufacture of transport equipment. Explaining the subsector’s 11% growth, ONS cited “a rise in the manufacture of air & spacecraft and related machinery.” Manufacturing output decreased by 0.6% in…
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