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Manufacturing

º£½ÇÊÓÆµ manufacturing output up for first time in a year as JLR restarts

The S&P Global º£½ÇÊÓÆµ manufacturing PMI survey showed overall activity in the º£½ÇÊÓÆµ manufacturing sector was still in decline

Inside Jaguar Land Rover, Halewood(Image: Jaguar Land Rover Halewood)

Manufacturing output rose for the first time in 12 months in October, driven by production resuming at Jaguar Land Rover (JLR) plants following a cyber attack, new data has shown.

Whilst overall º£½ÇÊÓÆµ manufacturing sector activity remained in decline, the pace of the slowdown eased considerably during October.

The S&P Global º£½ÇÊÓÆµ manufacturing PMI survey, closely monitored by economists, registered a reading of 49.7 in October, up from 46.2 in September. Any figure above 50 signals expansion whilst any score below indicates contraction.

Sector data revealed that production volumes were notably stronger in the consumer and intermediate goods categories.

This included gains for certain manufacturers connected to the automotive sector who benefited from JLR's phased production restart.

The company resumed operations at all its facilities, including plants in Solihull and Halewood, in mid-October after shutting down when its systems were compromised on August 31.

Rob Dobson, director at S&P Global Market Intelligence, said this will consequently "provide only a temporary spike in production".

He added: "The October PMI survey shows º£½ÇÊÓÆµ manufacturing production rising for the first time in a year, which is a positive in itself.