A Look Within QM Systems



Electronics playing a crucial function in increasing manufacturing output

The number of electrical items produced consisting of PCB interconnection pins, went up in March which shocked analysts.

The stats released by the Office for National Statistics suggest that UK making output increased by 0.9%, which was a vast enhancement on the 1.1% fall in February.

Moreover, the ONS stated that sectors including electronic devices, chemical and transportation equipment helped to stabilise the economy.

Electronic devices production, 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 2 previous quarterly falls in that sector.

Moreover, industrial production dropped by 0.3%, which was largely affected by the reductions in oil and gas production.

Andrew Johnson, senior economic expert at EEF, the manufacturers' organisation, reflected on the figures by recommending that they indicated a small improvement in production.

" This recommends production remains in a much better position at the start of this year than it ISO 9001 consultants was at completion of 2011," he mentioned.

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

The chemicals sector made the most significant contribution to the growths seen in producing output, increasing by 5.6%.

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

" The obstacles plainly remain powerful, especially with regard to significant European markets," Mr Johnson included.

" Whilst the mixed picture across private sectors suggests we are some method yet from establishing a strong and constant growth course."

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

Despite the economy contracting, some prominent economic experts believe that the official stats do not completely represent the true strength of the economy and that the real photo might be a lot more positive.

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

" Regardless of the disappointing GDP estimate for the very first quarter from the ONS, we still think the UK economy will grow in 2012, with faster development next year," mentioned CBI director basic John Cridland.

" Optimism amongst businesses has actually been increasing since the turn of the year, with producing need holding up. And that is beginning to equate into more jobs and financial investment."