UK manufacturing orders and employment break new ground – CBI survey

cbiGifford300New orders increased in the manufacturing sector in the three months to July for the first time in a year while production and employment headcount continued to rise.

According to the latest CBI quarterly Industrial Trends Survey. optimism among manufacturers about both the general business situation compared with the previous three months, and export prospects for the year ahead, also grew for the second quarter in a row.

Employment in the sector continued to rise, recording the strongest growth in a year – this marks the 12th consecutive quarter of hiring, a survey record.

The survey found that both domestic and export orders rose – domestic orders recorded the strongest growth in a year, and export orders the fastest in more than two years.

Firms anticipate a further modest rise in orders and output in the coming three months, and expectations for growth in new domestic orders are at their highest since April 2012.

However, despite a further rise in optimism, investment intentions remained muted. Planned spending over the next twelve months on buildings is expected to be unchanged, while planned capital expenditure on plant and machinery deteriorated slightly.

Stephen Gifford (pictured), CBI Director of Economics, said manufacturers remained concerned about political and economic conditions abroad limiting export orders, which was likely to reflect heightened uncertainty over the global economic outlook.

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.
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