Latest industrial production figures call for cautious optimism, says KPMG

Latest industrial production figures

These figures confirm the rebound in output

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Yael Selfin, Economics Director at KPMG comments on the latest ONS industrial production figures.

Yael Selfin said: “The latest industrial production figures confirm the rebound in output in June and put manufacturing back on growth path. However, challenges in the form of strong Sterling, prospects of rising interest rates, and continued weakness in some of the UK’s main trading partners could put further pressure on growth.”


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About KPMG

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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