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BerichtGeplaatst: 20-09-2018 05:05:46    Onderwerp: ]www.airmax270uk.com[ Reageren met citaat

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LONDON, Dec. 8 (Xinhua) -- British manufacturing continued its robust growth to remain the "bright spot of the economy" with the continuation of the longest period of growth for nearly a quarter of a century.


The Office for National Statistics (ONS) released industrial production figures for October on Friday, showing unchanged growth from September after a period of strong growth nike air max 270 grape uk , with annual growth in industrial production at 3.6 percent.


MOMENTUM EXPECTED TO CONTINUE


But it was manufacturing output which caught the eye. A monthly increase of 0.1 percentage points in this sector seemed modest, but it came against the backdrop of half a year of strong growth in the sector, and annualized growth that was impressive.


"This was the sixth successive monthly increase in manufacturing output, which is the best run for 23 years," Dr. Howard Archer nike air max 270 flyknit mens uk , chief economic adviser to EY ITEM Club, an economic forecasting firm in London.


"Manufacturing output only edged up by 0.1 percentage point, but that's in the context that it spiked by 0.7 percentage points in the previous month," explained Archer.


The 0.1 percentage point growth looked "uninspiring" said Archer, but the previous run of six months of growth revealed economic momentum in manufacturing to be "resilient".


Manufacturing output was up 3.9 percent year on year and 1.2 percent on the three months to October nike air max 270 flyknit uk , which boded well for continued growth in the fourth quarter and into 2018, said Archer.


"The manufacturing sector was very much the bright spark of the economy in the third quarter, and is carrying on decent momentum into the fourth quarter," he said.


Archer added: "November's survey evidence from the CBI and the PMI was very healthy for the manufacturing sector and it seems to be ending the year pretty well. It certainly remains a bright spot for the UK economy."


There is a sterling effect going on in the British economy, with an influence felt from the large fall in the pound www.airmax270uk.com , from 1.48 U.S. dollars at the time of the Brexit vote to 1.22 U.S. dollars for much of the past year, and now at 1.34 U.S. dollars.


This is a benefit and a minus for the economy, providing a stimulus to exporters by making them more competitive but also handicapping some of the same exporters through increased raw material and supply chain costs.


Archer noted that the October manufacturing figures were lifted by production of cars for export, which had been boosted by the more competitive pound.


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