Finance & Economy

UK production output drops 0.2% in November 2022, driven by decline in manufacturing sector, says Office for National Statistics

Published: January 16, 2023
Author: TEXTILE VALUE CHAIN

According to the Office for National Statistics, the UK’s monthly production output decreased by 0.2% in November 2022 compared to October 2022. (ONS). The loss in two of the four production sectors—manufacturing fell by 0.5% month over month—was the primary cause of the decrease in production output in November 2022. (MOM).

November 2022 saw a 2.5% decline in the nation’s industrial output compared to February 2020, the final month of “regular” trading conditions prior to the COVID-19 pandemic.

According to ONS, manufacturing’s 13 subsectors experienced negative growth in 6 of them in November 2022. The manufacturing sector’s output was 2.5% below February 2020’s pre-coronavirus pandemic levels.

The manufacturing sector had a 1.2% reduction in the UK’s production output during the three months ending in November 2022 compared to the three months ending in August 2022.

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