British Industrial Output Had Rapid Increase in May



British industry benefitted from higher demand at home and overseas.

British industry benefitted from higher demand at home and overseas.

May resulted in a rise in British industrial output according to the Office of National Statistics (ONS).  In fact the rise was the fastest growth rise in the past 15 years.

It is estimated that manufacturers benefited from higher demand both at home and overseas.  The best producers were electrical, optical equipment, basic metals and metal products.

“The new figures leave manufacturing firmly in positive territory when compared with a year ago, and they reinforce expectations that GDP will record stronger growth in the second quarter of 2010,” commented David Kern, Chief Economist at the British Chambers of Commerce.

“But there is no room for complacency and the level of manufacturing output is still some 10 per cent below that recorded in 2007.”

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