The Framework and Advantages of Modern QM Systems

ISO 9001 Accreditation

Electronic devices playing a vital role in increasing production output

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

The statistics released by the Office for National Stats indicate that UK producing output increased by 0.9%, which was a large enhancement on the 1.1% fall in February.

In addition, the ONS mentioned that sectors consisting of electronic devices, chemical and transport devices helped to stabilise the economy.

Electronic equipment manufacturing, which included the production of PCB interconnection pins, rocketed up by 12.1% in the very first quarter of the year, which ended the bad run of 2 previous quarterly falls in that sector.

Additionally, commercial production stopped by 0.3%, which was mainly affected by the decreases in oil and gas production.

Andrew Johnson, senior economic expert at EEF, the producers' organisation, assessed the figures by recommending that they suggested a minor enhancement in production.

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

Of the 13 production sub-sectors, 8 increased, 4 dropped and one stayed level.

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

The production of transport equipment also increased by 4.3% and the production of wood and paper products dropped by 2.3%.

" The challenges plainly remain powerful, specifically with regard to major European markets," Mr Johnson added.

" Whilst the blended image throughout private sectors recommends we are some method yet from establishing a strong and consistent development course."

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

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 much more positive.

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

" Regardless of the disappointing GDP price quote for the very first quarter from the ONS, we still believe the UK economy will grow in 2012, with faster development next year," specified CBI director general John Cridland.

" Optimism amongst organisations has been increasing since the turn of the year, with making demand holding up. And that is starting to equate into more jobs and financial investment."