The UK Office of National Statistics (ONS) has revealed that British manufacturing is now at its highest since February 2008 and continues on an upward trajectory.
“In the three months to November 2017, the Index of Production was estimated to have increased by 1.2% compared with the three months to August 2017, due mainly to a rise of 1.4% in manufacturing,” the ONS revealed, referring to its Monthly Business Survey (MBS) production industries dataset.
“Total production output increased by 3.3% for the three months to November 2017 compared with the same three months to November 2016,” it said, with manufacturing providing the largest upward contribution, increasing by 3.9%.
The report continued: “Manufacturing provided the largest upward contribution to total production, rising by 1.4%, due to broad-based strength within the sector and following an increase of 1.3% in the three months to October 2017. Out of the 13 sub-sectors, 12 experienced growth over this period. Machinery and equipment not elsewhere classified provided the largest contribution, rising by 5.6%, the strongest growth since November 2010 when it rose by 6.4%. Evidence collected from some of the larger businesses in this industry confirmed that increased turnover was due to work carried out on large-scale projects including renewable energy. In the three months to November 2017, compared with the three months to August 2017, increases in export turnover of 5.3% and domestic turnover of 13.4% were reported by this industry.”
Healthy economies in the USA, Europe and elsewhere contribute to the UK’s manufacturing growth through exports, but competitiveness through efficiency is key.
The 4th Industrial Revolution is kicking in and gathering momentum in its natural homeland the UK. At the end of February, Industry leaders will be gathering in Manchester at the Industry 4.0 Summit and Factories of the Future Expo to discuss the present state of manufacturing in the context of the 4th Industrial Revolution and chart its future course.
Nothing can stand in the way of what is proving to be true progress as the 4th Industrial Revolution continues to establish itself in the home of the first.