Optimistic signs for manufacturing

first_img Comments are closed. Manufacturing has shown the first signs of a turnaround, according to a newsurvey. The third quarter of the EEF/RSM Robson Rhodes 2003 Engineering Outlooksurvey by the Engineering Employers’ Federation (EEF) reports the secondconsecutive improvement. For the first time in more than two years, the number of companies reportingoutput and orders growth has risen. But it was demand for exports that proppedup order books this quarter, as companies continue to report a decline in thedomestic market. Levels of optimism have also improved, although they are only a little abovewhere they were in the middle of 2002. EEF chief economist Steve Radley said: “A more favourable currency andsome signs of global markets improving are helping manufacturers reap therewards of their efforts to improve competitiveness. “However, the upturn is in a very early phase and many firms are stillstruggling. We are still some way off having the confidence to start investingagain – and what we can term a full recovery.” www.eef.org.uk Optimistic signs for manufacturingOn 9 Sep 2003 in Manufacturing, Personnel Today Features list 2021 – submitting content to Personnel TodayOn this page you will find details of how to submit content to Personnel Today. We do not publish a…center_img Related posts: Previous Article Next Articlelast_img read more