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Electronic devices playing a crucial function in increasing production output

The number of electrical products manufactured including PCB interconnection pins, went up in March which surprised experts.

The data released by the Office for National Stats indicate that UK making output increased by 0.9%, which was a vast improvement on the 1.1% fall in February.

In addition, the ONS specified that sectors consisting of electronics, chemical and transport equipment helped to stabilise the economy.

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

Furthermore, commercial production stopped by 0.3%, which was largely affected by the reductions in oil and gas production.

Andrew Johnson, senior financial expert at EEF, the producers' organisation, reflected on the figures by recommending that they showed a small enhancement in production.

" This recommends production is 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 developments seen in producing output, increasing by 5.6%.

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

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

" Whilst the mixed image across individual sectors recommends we are some method yet from developing a strong and constant growth course."

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

In spite of the economy contracting, some prominent economists think that the main statistics do not totally represent the true strength of the economy and that the genuine image might be a lot more positive.

Current forecasts by the Confederation of British Market 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 estimate for the first quarter from the ONS, we still believe the UK economy will grow in 2012, with faster growth next year," mentioned CBI director general John Cridland.

" Optimism amongst organisations has actually been increasing because the turn of the year, with making need holding up. And that is beginning to translate into more tasks and investment."

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