Manufacturing growth fastest for 40 years – CBI

CBIleach300Manufacturing order books remained robust in February and output growth accelerated faster than in almost 40 years, according to the latest CBI Industrial Trends Survey.

Orders from abroad also put in their strongest performance since October 2011, with the automotive sector being the biggest contributor to the hike in exports.

Output grew at one of the strongest rates since survey records began in 1975. Optimism about output prospects also improved, with expectations for output growth over the coming three months at their strongest since September.

CBI Head of Economic Analysis Anna Leach (pictured) said: “The manufacturing sector shows continued signs of improvement with demand high and steady and output growing strongly.

“Growth is increasingly broad-based and firms’ growth expectations are the highest for several months.

“As the UK and global economies continue to strengthen over the coming months, we expect conditions to continue to improve for UK manufacturers and to increasingly feed through to business investment.”

Copyright Ken Hurst 2014

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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 Automotive, exports, Government/statistics, Manufacturing management and tagged . Bookmark the permalink.

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