Manufacturing Continues Growth

Findings according to a survey published by EEF, the manufacturers' organisation and BDO LLP, discovered Britain's manufacturers are currently reporting more buoyant trading conditions.

There is still uncertainty about the strength of future demand, hence, investment balances continue to lag, on the flip side there is greater confidence as recruitment is growing. There is continued hope that a package of tax reforms in the emergency budget that continues to support growth will go some way to alleviating any ongoing current concerns.

"The steadily improving trends in manufacturing look set to continue in the coming months and the upswing is being felt right across industry," EEF Chief Economist, Ms Lee Hopley. "Manufacturers are pulling in more export orders on the back of a recovering world economy and a better outlook for the domestic market is giving companies some confidence to recruit again.

Tom Lawton, Head of Manufacturing at BDO, said: "These are a good set of results, especially as the manufacturing sector is still getting to grips with the uncertainty of the new coalition government. Manufacturers are now indicating that they want the government to deliver in five key areas: deal with the deficit, establish an environment that allows manufacturing to be competitive, provide specific support to mid-market manufacturers and create and support investment in emerging technologies but without forgetting the needs of the traditional manufacturer.