Man­u­fac­tur­ers ‘still per­form­ing strongly’

The Peterborough Evening Telegraph - - Etbusiness Daily -

PETER­BOR­OUGH man­u­fac­tur­ers are con­tin­u­ing to per­form strongly, al­most with­out ex­cep­tion. That’s the view of Mark Smith, man­u­fac­tur­ing spe­cial­ist, cor­po­rate bank­ing, at Bar­clays, Peter­bor­ough fol­low­ing the lat­est PMI man­u­fac­tur­ing fig­ures.

Of the lo­cal scene, he said: “Whilst trade has its chal­lenges, there is def­i­nitely a pos­i­tiv­ity in the sec­tor, and we are see­ing some very good or­der books for the months ahead which, in turn, gives clients con­fi­dence to in­vest and ex­plore new mar­kets.

“We are also see­ing this ben­e­fit passed on to whole­salers in the sup­ply chains sell­ing into the man­u­fac­tur­ing client base due to the growth, which clearly helps the re­gion.”

Of the na­tional picture, he said: “Although the UK man­u­fac­tur­ing sec­tor growth has soft­ened, there is still strength in the sec­tor, de­spite last week’s news of a re­turn to re­ces­sion.

“It seems that the con­trac­tion in eco­nomic growth has not had a last­ing im­pact on man­u­fac­tur­ers’ con­fi­dence, with signs of op­ti­mism across the in­dus­try and var­i­ous sub­sec­tors per­form­ing well.”

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