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Scottish Index Of Manufactured Exports for Quarter 2 2011

DescriptionA National Statistics Publication for Scotland. The Index of Manufactured Exports estimates growth in the volume of export sales from the manufacturing sector in Scotland. The latest results relate to the second quarter of 2011.
ISBN
Official Print Publication Date
Website Publication DateOctober 05, 2011

INDEX OF MANUFACTURED EXPORTS
2nd QUARTER 2011

A National Statistics Publication for Scotland

Subject: The Economy Coverage: Scotland

Date: 5 October 2011

For a Portable Document Format (.pdf) version of the statistical bulletin, use the following link: IME 2011Q2 PDF

To download the tables in Excel format, use the following link: IME 2011Q2 XLS

Main Findings

The Scottish Index of Manufactured Exports (IME) grew by 1.1 per cent in real terms during the second quarter of 2011.

On an annual basis, comparing the most recent four quarters to the previous four quarters (4Q-on-4Q), the volume of manufactured exportsgrew by 2.0 per cent.

IME Growth Rates 2007-2011Q1

ime11Q2

Index of Manufactured Exports
(seasonally adjusted)
chained volume measure
Percentage Change
previous quarter
latest quarter on
previous 4 quarters
latest 4 quarters on
2010 Q1 -1.3 -6.2
Q2 +1.5 -1.8
Q3 -0.8 +1.8
Q4 -0.8 +1.6
2011 Q1 +3.8 +2.2
Q2 +1.1 +2.0


IME Analysed by Industry Sectors

In the latest quarter the largest contributions to growth were from Engineering & Allied Industries (+2.5%, including growth in all three engineering subsectors) and Chemicals, Coke, Refined Petroleum Products & Nuclear Fuel (+2.4%).

Growth was also seen in Food, Drink & Tobacco (+0.2%), Textiles, Fur & Leather (+3.2%) and Other Manufacturing (+2.7%). The volume of exports fell in Wood, Paper, Publishing & Printing (-9.4%) and Metals & Fabricated Metal Products (-3.2%).

On an annual basis to the end of June, growth was experienced in all main sectors except for Engineering & Allied Industries. The largest contributors to annual growth were Food, Drink & Tobacco (+2.4%), Other Manufacturing (+13.6%) and Metals & Fabricated Metal Products (+9.6%).

The total volume of exports from Engineering & Allied Industries fell over the year (-1.0%) due to declines in Mechanical Engineering and Electrical & Instrument Engineering, but with growth in the Transport Equipment subsector.

ime11Q2

Key Trends

During the second quarter of 2011, the volume of exports from the manufacturing sector in Scotland grew by 1.1 per cent, following growth of 3.8 per cent in the previous quarter and falls in the second half of 2010. Although the quarterly growth rate remains volatile, the rolling annual growth rate has shown a relatively steady trend since the third quarter of 2010.

The index of manufactured exports fell 13.3 per cent between 2008 Q2 and 2009 Q3. By the end of 2011 Q2 export volumes are estimated to have recovered around half of this loss, but remain 6.8 per cent below their pre-recession level.