© Dukascopy
|
"This [0.2%] is a disappointing rate of growth for a [manufacturing] sector"
- Chris Williamson, chief economist at Markit
Manufacturing output in U.K. advanced for the first month in four, said the Office for National Statistics on Tuesday. Output rose 0.2 percent in September, compared to August, when it decreased 0.3 percent.
"Seeing the sector remain in positive territory despite difficulties in the Eurozone and tough austerity measures in the UK is reassuring. Although pessimism about the health of manufacturing is unnecessary, the sector does face difficult challenges and we must reinforce the modest recovery that we are seeing," said David Kern, chief economist at British Chambers of Commerce.
"This is a disappointing rate of growth for a sector that was hoped to lead the UK's economic recovery, and growth looks set to weaken further in the final quarter of the year," said Chris Williamson, chief economist at Markit.