Research carried out by the Confederation of British Industry (CBI) for its Quarterly Industrial Trends Survey April 2012 report shows that contractors working in the engineering, IT and manufacturing sectors all look set to experience renewed contract growth this year.
Survey respondents noted that the UK's industrial and technology sectors are "bouncing back" back from the slump recorded at the end of 2011, leading to orders and output increasing and confidence being high.
CBI chief economic advisor Ian McCafferty commented: "Firms have seen manufacturing demand and production picking up in the three months to April, and with expectations of a further strengthening in activity in the coming quarter, they're increasing their stock-building and investment plans."
He added that there are also signs that UK businesses' cash stockpiles may start to be released, as investment intentions are positive for the first time in a year.
The result would be cash filtering through the supply chain, creating further opportunities for contractors in all sectors.
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Origin: Salespeak News
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