Asked by: Lord Bishop of Southwark (Bishops - Bishops)
Question to the Department for Business, Energy and Industrial Strategy:
To ask His Majesty's Government what assessment they have made of the reduction of 2.3 per cent in manufacturing output for the three months to September 2022 compared to the previous three months; and the impact of this reduction on economic activity.
Answered by Lord Callanan - Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
Russia’s invasion of Ukraine, the rise in global energy prices and supply chain issues have strained all corners of the UK economy including manufacturing.
Manufacturing has recovered since the pandemic with output in 2021 almost 10% above its 2019 level while many comparably sized EU member states were still below 2019 levels. While manufacturing output has since declined it remains higher than at any time before the pandemic.
The Government is committed to supporting the UK’s world-class manufacturing sector and is working closely with businesses during this challenging global economic context.