Index of Production, UK: March 2022

Movements in the volume of production for the UK production industries: manufacturing, mining and quarrying, energy supply, and water and waste management. Figures are seasonally adjusted.

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Contact:
Email David Beckett

Release date:
12 May 2022

Next release:
13 June 2022

1. Main points

  • Monthly production output fell by 0.2% between February and March 2022, reaching a level that was 1.6% below February 2020 - the last month of "normal" trading conditions prior to the coronavirus (COVID-19) pandemic.
  • The monthly fall in output resulted from weakness in two of the four production sectors, with electricity and gas falling by 2.0% and manufacturing falling by 0.2%; in contrast mining and quarrying rose by 2.8%, while water supply and sewerage remained flat at 0.0%.
  • Manufacturing saw 6 of the 13 sub-sectors negatively contribute to growth during March; most notably, manufacturing of basic pharmaceutical products fell by 5.4% and manufacturing of chemicals and chemical products fell by 3.5%.
  • Output remained below the February 2020 pre-coronavirus levels in three of the four production sectors; monthly manufacturing output remained 1.0% below, mining and quarrying was 13.7% below, and electricity and gas was 6.0% below, while water supply and sewerage was 8.2% above.
  • For Quarter 1 (Jan to Mar) 2022, production output increased by 1.2% compared with Quarter 4 (Oct to Dec) 2021; rises of 1.3% in manufacturing, 1.9% in electricity and gas and 0.4% in water supply and sewerage were partially offset by a fall of 0.2% in mining and quarrying.
  • Manufacture of basic metals and metal products rose by 8.4% in Quarter 1 2022 compared with Quarter 4 2021, mainly because of strength from the fabricated metal products excluding the weapons and ammunition industry.
  • Further analysis of the effect on our monthly Index of Production estimate is available in our GDP monthly estimate, UK: March 2022 bulletin, published 12 May 2022.
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2. Index of Production data

Index of Production (IoP) time series
Dataset DIOP | Released 12 May 2022
Movements in the volume of production for the UK production industries: manufacturing, mining and quarrying, energy supply, and water and waste management. Figures are seasonally adjusted.

Output of the production industries
Dataset | Released 12 May 2022
Index values and growth rates for production, manufacturing and the main industrial groupings in the UK.

Index of Production and industry sectors to four decimal places
Dataset | Released 12 May 2022
Monthly index values for production and the main IoP sectors in the UK to four decimal places.

Monthly Business Survey turnover in production industries
Dataset | Released 12 May 2022
Monthly Business Survey (MBS) production industries' total turnover, domestic sales and exports in the UK. Figures are in current price and non-seasonally adjusted.

Export proportions for manufacturing industries
Dataset | Released 12 May 2022
Monthly, three-monthly, and annual export data for the manufacturing industries, collected by the MBS at industry level in the UK.

All data related to the IoP are available on our Related data page.

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3. Measuring the data

The Index of Production (IoP) uses data from a variety of sources and is calculated by taking turnover and removing the impact of price changes, or by using direct volume estimates.

Most of these data are collected as "turnover values" through the Monthly Business Survey (MBS). In addition, direct volume series are collected by the Department for Business, Energy and Industrial Strategy (BEIS) and the International Steel Statistics Bureau (ISSB) for steel industries.

From January 2018, Value Added Tax (VAT) data have also been included across 64 production industries for small and medium-sized businesses. For more information, see our VAT turnover data in national accounts: background and methodology article.

A comprehensive list of the IoP source data can be found in our Gross domestic product (GDP(O)) source catalogue (XLS, 715KB).

More quality and methodology information on strengths, limitations, appropriate uses, and how the data were created is available in our UK IoP Quality and Methodology Information release.

Coronavirus (COVID-19)

The Office for National Statistics' (ONS') Monthly Business Survey (MBS) is fully online, meaning that business owners can log on from any location and submit their data at an appropriate time. Most other data in the IoP come from the BEIS and therefore will be less affected than survey data.

Our latest data and analysis on the impact of coronavirus (COVID-19) on the UK economy and population are available on data and analysis on the impact of coronavirus (COVID-19) on the UK economy and population. This is the hub for all special coronavirus-related publications, including the fortnightly Business Insights and Conditions Survey (BICS).

Economic statistics governance after EU exit

Following the UK's exit from the EU, new governance arrangements are being put in place that will support the adoption and implementation of high-quality standards for UK economic statistics. These governance arrangements will promote international comparability and add to the credibility and independence of the UK's statistical system.

At the centre of this new governance framework will be the new National Statistician's Committee for Advice on Standards for Economic Statistics (NSCASE). NSCASE will support the UK by ensuring its processes for influencing and adopting international statistical standards are world leading. The advice NSCASE provides to the National Statistician will span the full range of domains in economic statistics, including the National Accounts, fiscal statistics, prices, trade and the balance of payments, and labour market statistics.

You can access further information on the NSCASE on the UK Statistics Authority's website.

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Contact details for this Statistical bulletin

David Beckett
indexofproduction@ons.gov.uk
Telephone: +44 1633 456980