Manufacturers treading water – CBI

cbiGifford300Production levels among manufacturers were flat in the three months to June, disappointing expectations of strong growth, according to the latest CBI monthly Industrial Trends Survey.

The survey suggests that firms continue to anticipate a modest expansion in output over the coming three months, but they are less upbeat than a few months ago. Orders and exports were little changed as SMEs struggled to maintain overseas order volumess which fell to their lowest levels since January 2010. The motor vehicles, aerospace & transport equipment sector (especially large firms in that sector) was one of the few export drivers, reporting orders comfortably above average.

CBI Director of Economics Stephen Gifford (pictured) said manufacturers were “treading water”.He continued: “While an expected improvement in conditions at home and abroad should lead to better prospects for manufacturers, the business climate still remains quite fragile.”

This material is protected by copyright Ken Hurst 2013.

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About Ken Hurst

Ken Hurst began his career as a journalist in London over 30 years ago, working on a range of publications before moving on to weekly newspaper production in the newly-independent Zambia of the 1970s. He returned to the UK where his work included spells on newspapers and magazines, before moving to head up Norwich Union’s corporate affairs division. In the 1990s he moved on to freelance, co-own and publish the B2B audio magazine Sound and front the BBC radio Yesterday’s Papers programme. There followed six years as Business Editor at Britain’s biggest selling regional daily newspaper, The Eastern Daily Press, where he led an award-winning team and for whom he still writes a weekly socio/political comment column. Subsequently, he was Group Editorial Director at CBM, responsible for its UK and US magazine output – including The Manufacturer magazine – research-driven industry reports and live events content. Currently he is Contributing Editor at Works Management magazine publisher Findlay Media and Chairman of the consumer publishing house TNT Multimedia Ltd. He is a Fellow of the Royal Society of Arts and of the British Association of Communicators in Business.
This entry was posted in Aerospace & defence, Automotive, exports, Government/statistics, Manufacturing management and tagged . Bookmark the permalink.

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