Stephen Timms – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Stephen Timms on 2015-11-03.

To ask Mr Chancellor of the Exchequer, when he expects manufacturing output to exceed the level of quarter one in 2008.

Mr David Gauke

The Office for Budget Responsibility, which provides independent forecast for the Government, does not produce a forecast for manufacturing output.

Manufacturing has grown 4.1% from the start of 2010, following a 12.5% fall in the financial crisis. The headline manufacturing PMI accelerated to 55.5 in October, recording its fastest expansion rate in two and a half years.