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Manufacturing is one of the production industries, which also include mining, electricity, water & waste management and oil & gas extraction.

In 2021, the manufacturing sector accounted for 9.7% of total UK economic output (Gross Value Added). In March 2021, it accounted for 7.3% of jobs.

Manufacturing Output

Manufacturing output in July 2022 was 0.1% higher than June and 1.1% below pre-pandemic levels (February 2020). 7 of the 13 subsectors positively contributed to growth.

Manufacturing output for the three months to July 2022 was 0.3% higher than the three months to June 2022. For the three months to July 2022, manufacturing output increased by 1.7%, compared with the same period the previous year.

Purchasing Managers’ Index (PMI)

In the S&P Global/CIPS PMI, a value of 50 means that there is no change compared to the previous month. Values above 50 indicate an expansion, and values below 50 a contraction.

The UK manufacturing PMI for August 2022 was 47.3, down 9% on July and the fastest fall since May 2020. Reduced domestic and foreign demand, staff and materials shortages limited output. Business optimism fell due concerns about the potential for recession and the impact of rising prices on consumer demand, but input cost inflation slowed.

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