CBI survey reveals strongest growth in UK manufacturing output in 18 years
Survey reveals total order books and output growth highest since 1995.
Thursday 21 November 2013
The CBI's survey of nearly 350 factory bosses found that total order books and output growth were the highest recorded since 1995.
Manufacturers also told the business lobby group that they expect growth to continue at a robust pace over the coming three months.
Stephen Gifford, the CBI's director of economics, said: "This new evidence shows encouraging signs of a broadening and deepening recovery in the manufacturing sector.
"Manufacturers finally seem to be feeling the benefit of growing confidence and spending within the UK and globally."
The key finding of the survey showed that a positive balance of 11% of firms believed order books were above normal in November, helped by signs of a continued recovery among exporters.
The rise in output growth was broad-based, with all but one of 15 sub-sectors - electrical engineering - reporting growth.
Despite the progress, Mr Gifford said challenges remain for UK manufacturers.
He added: "UK exporters need Government support to break into high-growth export markets to reduce their vulnerability to any further eurozone flare-ups."
- 1 Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
- 2 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 3 Kim Kardashian on Bruce Jenner's 'story': 'We support him no matter what, and I think when the time is right, he'll talk'
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
One spelling error costs Companies House up to £9 million after being sued for ruining business
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...