Man­u­fac­tur­ing rises to the grow­ing de­mand

The Peterborough Evening Telegraph - - Etbusiness Daily -

A GROW­ING num­ber of man­u­fac­tur­ers in the East re­ported buoy­ant trad­ing con­di­tions over the past three months on the back of ris­ing de­mand in over­seas and UK mar­kets, ac­cord­ing to a ma­jor sur­vey pub­lished by EEF, the man­u­fac­tur­ers’ or­gan­i­sa­tion, and BDO LLP.

The sec­ond quar­ter EEF/BDO Man­u­fac­tur­ing Out­look re­port showed that the broad-based re­cov­ery, which be­gan at the end of 2009, has gath­ered pace. East re­gional out­put and or­ders bal­ances hit their high­est lev­els since the sur­vey be­gan in 1995.

About six in ev­ery 10 man­u­fac­tur­ers saw a rise in both out­put vol­ume and to­tal new or­ders. Em­ploy­ment is also re­turn­ing to growth, al­beit more slowly.

“Across the re­gion, we are now see­ing a broad-based strong re­cov­ery, which has to be good news for hopes of an ex­port led re­bal­anc­ing of the econ­omy,” said Keith Hamil­ton, head of ex­ter­nal af­fairs for EEF in the east of Eng­land. “This im­prove­ment is start­ing to trans­late into an im­prov­ing em­ploy­ment trend, al­though com­pa­nies re­main cau­tious about the econ­omy and this ap­pears to be in­hibit­ing in­vest­ment plans.

“They will now be look­ing to the forth­com­ing bud­get to en­sure tax and spend­ing plans do not threaten to de­rail this op­ti­mistic pic­ture.”

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