Aerospace increases production by 18.5%

Today, the Office for National Statistics published its Index of Production for the first quarter of 2006. Compared with the same quarter in 2005, the aerospace sector has increased production by 18.5%.

Sally Howes, Director General SBAC, said:

"This is excellent news and reflects the hard work our industry is putting in to improving its processes throughout the supply chain. These latest figures are even better than we had hoped for. SBAC is driving the reinvigoration of improved productivity through its Supply Chain 21st Century Task Force."

Overall, general manufacturing increased production by 0.7% in the quarter, with transport equipment (including aerospace) increasing by 4.3%, the highest for any manufacturing sector.

Within the transport equipment sector, aerospace led the charge with a quarterly increase of 9.4% for the first quarter of this year. Between February and March 2006 aerospace manufacturing rose by 2.8%.

Source : SBAC