QM Systems Opinions

Electronic devices playing an important function in increasing production output

The number of electrical goods made including PCB interconnection pins, increased in March which stunned experts.

The data launched by the Office for National Stats show that UK producing output increased by 0.9%, which was a huge enhancement on the 1.1% fall in February.

In addition, the ONS specified that sectors including electronic devices, chemical and transport equipment helped to stabilise the economy.

Electronic equipment manufacturing, which included the production of PCB affiliation pins, soared up by 12.1% in the first quarter of the year, which ended the bad run of two previous quarterly falls in that sector.

Furthermore, commercial production stopped by 0.3%, which was mostly affected by the declines in oil and gas production.

Andrew Johnson, senior economic expert at EEF, the producers' organisation, reflected on the figures by recommending that they showed a slight enhancement in manufacturing.

" This recommends manufacturing remains in a better position at the start of this year than it was at the end of 2011," he specified.

Of the 13 manufacturing sub-sectors, 8 increased, 4 dropped and one remained level.

The chemicals sector made the greatest contribution to the growths seen in manufacturing output, increasing by 5.6%.

The production of transportation devices likewise increased by 4.3% and the production of wood and paper products come by 2.3%.

" The obstacles clearly stay formidable, particularly with regard to significant European markets," Mr Johnson included.

" Whilst the mixed picture across individual sectors suggests we are some method yet from developing a strong and consistent growth path."

Additionally, last month, ONS information revealed that the UK economy had actually contracted by 0.2% in the very first quarter of the year, hence putting the UK back into a double-dip recession.

In spite of the economy contracting, some leading economic experts ISO 9001 consultants believe that the main data do not completely represent the true strength of the economy and that the genuine image could be much more positive.

Recent forecasts by the Confederation of British Market suggest that the economy will begin to grow in the latter part of 2012, with even greater GDP growth throughout 2013.

" Despite the disappointing GDP quote for the first quarter from the ONS, we still believe the UK economy will grow in 2012, with faster development next year," stated CBI director basic John Cridland.

" Optimism amongst businesses has actually been increasing considering that the turn of the year, with making demand holding up. Which is starting to equate into more tasks and investment."