by Max Clarke
After experiencing lows of up to -12% earlier this year, both manufacturing and productivity indices are on the rise; with manufacturing up 5.8% this October compared to October the previous year.
Published today, the Government's Index of Production statistical bulletin details the gains experiences in 10 out of the 13 manufacturing subsectors.
"The largest increases in output were in the machinery and equipment industries which rose by 16.8 per cent, and the basic metals and metal products industries which rose by 13.7 per cent.
"The largest contributors to the 5.8 per cent year on year rise in overall manufacturing were approximately 1.4 percentage points from the machinery and equipment industries and approximately 1.3 percentage points from the basic metals and metal products industries.
Though as yet unpublished, initial statistics for September 2010 indicate these rates of growth are to remain largely unchanged.