The rate of furniture production during July 2024 registered a monthly decline, whilethe value in domestic goods rose on the previous month and against last year.

According to the latest Office for National Statistics (ONS) data, the rate of furniture production fell by 2.9% compared to June, while falling 3.3% on July last year.

In the three months to July 2024, production output is estimated to have decreased by 0.1% when compared with the three months to April 2024.

On the month, production output is estimated to have decreased by 0.8% in July 2024, following growth of 0.8% in June 2024.

Meanwhile, the value of the manufacture of furniture for July resulted at £814.7m, up 1.4% from £802.9m in June. Against the same period last year, the value rose 1.1% from £805.2m.

As for the value of furniture manufacturer exports, this decreased 12.3% to £41.8m for the month from £47.7m. Against last year, exports value fell 15.3% from £49.4m.

The value of domestic furniture manufacture increased 2.3% to £772.9m from £755.2m in the month, while up 2.2% from £755.8m last year.

Monthly real gross domestic product (GDP) is estimated to have shown no growth in July 2024, after also showing no growth in June 2024.

Commenting on the GDP figures for July, ONS Director of Economic Statistics Liz McKeown said: “The economy recorded no growth for the second month running, though longer term strength in the services sector meant there was growth over the last three months as a whole.

“July’s monthly services growth was led by computer programmers and health, which recovered from strike action in June. These gains were partially offset by falls for advertising companies, architects and engineers.

“Manufacturing fell, overall, with a particularly poor month for car and machinery firms, while construction also declined.”