国际英语资讯:Manufacturing sector continues to shine in British economy_时事

国际英语资讯:Manufacturing sector continues to shine in British economy

LONDON, Dec. 8 -- British manufacturing continued its robust growth to remain the "bright spot of the economy" with the continuation of the longest period of growth for nearly a quarter of a century.

The Office for National Statistics (ONS) released industrial production figures for October on Friday, showing unchanged growth from September after a period of strong growth, with annual growth in industrial production at 3.6 percent.

国际英语资讯:Manufacturing sector continues to shine in British economy1

MOMENTUM EXPECTED TO CONTINUE

But it was manufacturing output which caught the eye. A monthly increase of 0.1 percentage points in this sector seemed modest, but it came against the backdrop of half a year of strong growth in the sector, and annualized growth that was impressive.

"This was the sixth successive monthly increase in manufacturing output, which is the best run for 23 years," Dr. Howard Archer, chief economic adviser to EY ITEM Club, an economic forecasting firm in London.

"Manufacturing output only edged up by 0.1 percentage point, but that's in the context that it spiked by 0.7 percentage points in the previous month," explained Archer.

The 0.1 percentage point growth looked "uninspiring" said Archer, but the previous run of six months of growth revealed economic momentum in manufacturing to be "resilient".

Manufacturing output was up 3.9 percent year on year and 1.2 percent on the three months to October, which boded well for continued growth in the fourth quarter and into 2018, said Archer.