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Manufacturing output and orders ''continue to rise''

6 September 2010
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Manufacturing output and orders ''continue to rise''The UK's manufacturing industry is showing "strong" signs of recovering from the recession, a new report states.

A survey by BDO and EEF - the manufacturers' organisation discovered that output and orders reached record levels for the second time in a row during the third quarter of this year.

In addition, the Manufacturing Outlook study claims balances remain high and confidence among firms means that a growing number are hiring new staff and planning investment in their operations.

Those concerned with manufacturing management may also be interested to note that overseas demand has increased, with prospects for producers looking strong over the short-term.

However, EEF chief economist Lee Hopley cautions that uncertainties still remain, particularly with regards to the global economy.

"We have to maintain perspective that the recovery is coming from a very low base and the risks to the economy in the medium term haven't gone away," he explains.

The figures follow on from a report from Markit and the CIPS, which indicated the UK's purchasing managers index declined between July and August 2010 from 56.9 to 54.3, although the manufacturing industry continued to expand.ADNFCR-3058-ID-800053220-ADNFCR
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