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Tuesday, 25 September 2012

Britain's manufacturing sector 'hints at robust expansion'

Improvements recorded in the UK's manufacturing industry have provided a huge suggestion that the country is beginning to emerge from recession.

The industrial trends survey for September, which is conducted by the Confederation of British Industry (CBI), highlighted that orders in this sector were enhanced more than predicted.

Furthermore, fewer manufacturers reported their order books being below normal levels and many stated that export orders had improved during the past month.

Looking ahead, the CBI survey underlined that the majority of manufacturers polled were confident that activity was going to pick up over the next three months.

This is a marked improvement on the even split between those who expected improvements and those concerned that conditions were going to dip in the same report for August.

Howard Archer, UK economist at IHS Global Insight, noted that the survey "lifts hopes that the manufacturing sector saw robust overall expansion in the third quarter, making a significant contribution to growth".

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Posted by Wayne Bly
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Source: The Sales Engineer News

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