Fashion and textiles manufacturers buck wider trend

As widely reported today, manufacturing fell 0.4 points on the Index of Production in October 2015 and is currently 0.1 points lower than in October 2014.  Yesterday, I reported on the EEF reporting tougher conditions, especially in heavy non-consumer manufacturing.

Fashion and textiles manufacturers did manage to buck this trend, reporting  a 0.3 point increase with output now a whole 4 poinys higher than in October 2014.  However, the current index reading of 90.9 (with 2012 = 100)  does show how far output has fallen in recent years having peaked in 2011 at 103.5 as well as the decline in May to August where 8 points were wiped off the Index.

Figure 1: Index of Production  Chained volume indices of gross value added 2012=100Index of productionSource: Office for National Statistics

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s