The gradual increases over the last few months in UK output has resulted in quarterly growth of 4.8 percent in Q2 2021, reports ADS Group.
In aerospace, both monthly and quarterly growth output figures are flat, but this is a positive for a sector that has seen constant decline in recent months, says ADS. “The stabilizing of aerospace manufacturing output, albeit at low levels, coupled with further signs of UK travel opening in coming months with countries with successful vaccination programmes, should provide a positive indicator to the sector.”
Key points include:
- Production output fell by 0.7 percent in June 2021, with quarterly output increasing by just 0.5%.
- The current global chip shortage that impacted production in May 2021 eased in June. The largest contribution to the increase came from the manufacture of transport equipment, which grew by 7.4 percent.
- Manufacturing production output increased by just 0.2 percent in June 2021, which makes manufacturing output 2.3 percent below where it was in February 2020.
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