Head office | 01772 653 000

Fylde coast office | 01253 347 063

  • Manufacturing output in July 2016 fell by 0.9% on the month, but was up by 0.8% on the year.
  • Total industrial production in July 2016 was up by 0.1% on the month and was up by 2.1% on the year.

Commenting on the UK Index of Production figures for July 2016, published today by the ONS, Suren Thiru, BCC Head of Economics, said:
“The manufacturing sector recorded its biggest monthly drop for a year in July. While the post-referendum slide in sterling is likely to help support exporters in the coming months, there is already some evidence that this will also push up the input costs faced by manufacturers – placing downward pressure on margins.
“The UK’s manufacturing base continues to struggle with long-term structural issues. The continued failure to address some of these deep-rooted issues has left the sector increasingly exposed to economic uncertainty at home and challenging global conditions.
“The priority for the upcoming Autumn Statement must be to boost business confidence by addressing the UK’s creaking infrastructure and supporting businesses to invest, hire and grow.”

Share Follow NWL Chamber on Facebook Twitter Share Follow NWL Chamber on LinkedIn Back to News channel

Latest Articles

Live Chat


Active Lancashire Logo blackpool and the fylde college bhm logo code galaxy logo fi real estate management fox group james brearley logo lal_full_colour merlin ryan logo Studio LWD logo Sustainable Energy First Logo team leyland logo