Manufacturing sector growth activity 'on the rise'

There is growing activity in the manufacturing industry, with the sector expecting better balance in the months ahead, a new report has indicated.

The new Economic Prospects 2011 report published by EEF, the manufacturers' organisation, claimed "sustained, positive contributions" from both investment and net trade will boost the sector this year.

It shows that in 2010 the sector expanded by 3.8 per cent, surpassing industry expectations, with further growth of 3.5 per cent predicted for this year despite the overall economy only forecast to grow by 2.5 per cent.

EEF chief economist Lee Hopley commented: "Manufacturing now looks set to be at the heart of the rebalanced growth the economy needs with sectors most exposed to international markets likely to post the highest growth."

Recent pay data issued by EEF showed that for the three months to the end of November 2010 the average salary for those employed in the industry, which includes sales recruitment staff, rose by two per cent.

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Posted by Wayne Bly 

Source: The Sales Engineer News