Tom Lawton comments on the ONS Index of Production results

If you are writing on today’s Index of Production results, please consider the following comment from Tom Lawton, head of manufacturing, at BDO.

Manufacturing output falls for 10 successive months

Tom Lawton, Head of Manufacturing, at BDO says: “Today’s figures represent more than three quarters of negative growth and suggest the outlook for the UK’s manufacturing sector is bleak.”

“Adding to the negative outlook is BDO’s recent Business Trends Eurozone report which has shown that the manufacturing sector is the biggest victim of the current economic turmoil in Europe,” he continued.

“The intensity of the shock administered to manufacturing industry means that even strong, globally competitive businesses could go under.  It has become apparent that helping just the banking sector is not enough.  It is now essential that policy-makers develop packages to aid manufacturing industry and thereby help restore consumer and business confidence,” concludes Lawton.

ENDS

For more information, please contact Dee Crooks at BDO on 020 7893 2761/07815 172 051 or email dee.crooks@bdo.co.uk

Notes to editors:

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