Monday, Jun 05, 2006

Manufacturing industry

Guardian: British manufacturers start recruiting as output reaches highest since mid-1990s

Britain's manufacturing industry is enjoying its best performance for a decade, supported by strengthening export demand as the global economy picks up speed, according to an influential survey of the sector published today. Output is at its highest since the mid-1990s, and companies are expecting the strong demand to continue, with confidence about the outlook for the next three months at its best in eight years.

Posted by jason @ 07:24 AM (548 views)
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10 Comments

1. Waiting For The Crash said...

well i work in manufacturing and we have been in decline for years and in a deep recession for ages so things could not have got a lot worse. Where does this paper get it's info from??????
I run an export packaging firm, we are all on std time, no UK investment for years etc etc. I do not not know one of my 500 customers to be in this position,......but we have all got material inflation at over 15 % so far this year!!!!!

Monday, June 5, 2006 09:05AM Report Comment
 

2. jason said...

The BBC:

http://news.bbc.co.uk/1/hi/business/5047438.stm

Monday, June 5, 2006 09:17AM Report Comment
 

3. inbreda said...


"The latest results showed that the balance of exports rose in the last quarter to its highest level since the middle of 1995. "

The BALANCE - so it's not necessarily that exports have risen, but could also be because people have stopped buying anything, and so imports have dropped.

"The balance of domestic orders was less spectacular, however, staying at the same as the previous quarter. "

Which seems to support the argument.

""The domestic market remains subdued, suggesting that the Monetary Policy Committee should hold off from raising interest rates," Mr Radley said. "

So basically, the global market is the same, but britons don't have enough credit left to buy a fish supper.

All is rosy.

Monday, June 5, 2006 12:29PM Report Comment
 

4. denzil said...

This will really put the MPC on their toes as there is a lot of pent-up inflationary forces in manfacturing that are ready to run amok.

Monday, June 5, 2006 12:33PM Report Comment
 

5. Autopilotengage said...

This really is positve mental attitude in overdrive; all hot air and no substance. We've been told all over the media how badly british manufacturing has been declining and now we're to believe it's the best it's been in a decade?

Monday, June 5, 2006 12:43PM Report Comment
 

6. uncle tom said...

For manufacturing read oil - and not by volume, but by price.

Until we get a government that has ministers who have run a manufacturing business (or even worked in a manufacturing company), there will be little joy - until the pound collapses against the currencies of the developing world.

Monday, June 5, 2006 02:09PM Report Comment
 

7. sirgoogle said...

Interesting that the report mentions that a rise in Base Rates by the ECB would be probably more damaging to UK plc than a rise by the BoE. I guess any reduction of Euro-Land demand could put many to the wall.

Monday, June 5, 2006 02:19PM Report Comment
 

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