UK Manufacturing sees further growth

UK Manufacturing sees further growth

From The Institute of Mechanical Engineering

British manufacturers continued to see new orders grow in the three months to January, but firms expect their export orders to tail-off in the coming quarter, according to the latest CBI Quarterly Industrial Trends Survey.

The survey of 467 firms found that 36% of businesses reported an increase in total new orders, and 17% a decrease, giving a balance of +20%.

The balance for new domestic orders (+15%) was above the long-run average of -5%, with 30% of respondents reporting orders up and 16% down.

Export orders saw a return to growth (+4%) following a fall in the previous quarter (-7%), the survey found.

Numbers employed in manufacturing continued to grow, with 27% of firms reporting employment numbers were up and 15% said they were down, giving a balance of +12%.

Manufacturers’ investment intentions compared to the previous 12 months have increased for plant and machinery (+16%), and those for product and process innovation (+27%), and training/retraining (+32%) remain strong.


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