A survey carried out by the Confederation of British Industry (CBI) as part of its latest quarterly SME Trends Survey showed that 18 per cent of UK manufacturers are also more optimistic than they were three months ago.
The figures revealed that firms increased their headcount for the fourth successive quarter, at the fastest rate since January 1995, which Lucy Armstrong, chair of the CBI's SME Council, said is a positive sign, though she expressed caution.
"Orders and production have been strong for the UK's smaller manufacturers this quarter, but … confidence has also been affected by global economic and political uncertainty over issues such as the euro crisis and the US debt ceiling," she added.
It comes after the latest pay review report from XpertHR revealed that the median pay reward for those in the manufacturing industry was slightly higher than in other sectors in the past three months, with workers there receiving a three per cent increase.
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Posted by Nikki Barrister
Source: The Sales Engineer News