The National Institute of Economic and Social research said that industrial production increased in December faster than had been expected. Previously the last quarter’s growth rate for the economy was said to be .1%. It is now believed that it increased by .2%.
In the last quarter of 2009, factory, mine, and oil and gas production increased by .4% according to the Office of National Statistics, compared to .1% which they had said in January was the improvement.
The effect of heavy snow falls may have a disruptive effect on this quarter’s economic results and also the VAT rate was returned to 17.5%.
Production from industry provides approximately 17% of the UK GDP. In the economic recession, output fell to 15%, however many countries experienced falls of 25%.
German industrial production has increased 5% from its recent low point and, in the UK there are other reports of improvement in manufacturing. For example the purchasing managers’ index is the highest it has been for 15 years.
There’s a glint of sunshine in the improved industrial production figures and we also help by sending UK businesses qualified prospects at no cost to them from our Local Search facility in our Business Directory.
Monte Huebsch, CEO
In the last quarter of 2009, factory, mine, and oil and gas production increased by .4% according to the Office of National Statistics, compared to .1% which they had said in January was the improvement.
The effect of heavy snow falls may have a disruptive effect on this quarter’s economic results and also the VAT rate was returned to 17.5%.
Production from industry provides approximately 17% of the UK GDP. In the economic recession, output fell to 15%, however many countries experienced falls of 25%.
German industrial production has increased 5% from its recent low point and, in the UK there are other reports of improvement in manufacturing. For example the purchasing managers’ index is the highest it has been for 15 years.
There’s a glint of sunshine in the improved industrial production figures and we also help by sending UK businesses qualified prospects at no cost to them from our Local Search facility in our Business Directory.
Monte Huebsch, CEO
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