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Recovery forecast for UK manufacturing

31 August 2010
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Recovery forecast for UK manufacturingA recovery has been projected for the UK's manufacturing industry, with a return to positive average annual growth anticipated during 2010 and 2011.

This is the view expressed in a new report from the British Chambers of Commerce (BCC), which pointed to sharp falls in output during 2009 and predicted that the production sector will rally over the coming years.

However, operations management professionals may be interested to note that "falling investment and damaging regulations" could restrict the pace of recovery, as industrial firms may struggle to boost output in the wake of the recession.

Capital investment is needed, the organisation claims, to ensure that Britain meets its "productive potential" and maintain growth in manufacturing output recorded in recent quarters.

Increases in production are expected of three per cent during 2010 and two per cent next year, following a drop of 10.5 per cent in 2009.

"Though the manufacturing sector has the potential to recover in the next few years, it must be nurtured and supported, to ensure that viable firms do not lose their skills base," the report states.

In addition, the services sector is forecast by the BCC to expand by 1.1 per cent this year and by 2.2 per cent in 2011.ADNFCR-3058-ID-800045576-ADNFCR
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