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UK manufacturers ''remain cautious about investment''

27 June 2011
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UK manufacturers ''remain cautious about investment''Despite recent growth in the UK economy and the manufacturing sector in particular, many companies in the field are cautious about expanding their operations.

This is according to a six-monthly survey from GE, which suggested high-tech businesses are not yet ready to invest in their businesses.

However, the research indicated 29 per cent of respondents' organisations are now operating at close to or full capacity, but almost half (46 per cent) currently have no plans to increase their capabilities.

Mark Elborne, chief executive of GE UK, explained that firms in the industry "see great opportunities in international markets and growth sectors such as green technologies but have to be careful about these decisions because there is still a backdrop of general economic uncertainty".

The High-Tech Manufacturing Index revealed confidence among firms regarding the future remains high and the measure grew from plus 68 in December to plus 71 in June 2011.

GE warned earlier this month that the UK is facing engineering skills shortages in the future unless more is done to encourage and support people to train in the profession.ADNFCR-3058-ID-800601317-ADNFCR
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