ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom ISO 9001 & UKAS Registered, Electron Beam Services in the United Kingdom

20/12/16
There's good news this week (December 16th) for the manufacturing sector in the UK, with those in the industry increasing their pace of production and total order books hitting a 20-month high.

This is according to new research from the Confederation of British Industry (CBI), which has found that growht in output has been the highest since the middle of 2014, with just four out of the 18 sectors seeing a fall in production. Aerospace and mechanical engineering were seen to be the main drivers of this particular growth, with expectations for hikes in production in the first quarter of next year remain solid.

Chief economist with the CBI Rain Newton-Smith said: "After a challenging 2016, UK manufacturers will want to build on the positive momentum going into the new year, with the government's recent commitments on a modern industrial strategy and innovation investment a welcome tonic."

She went on toa dd that while manufacturers are ending the year on something of a high, the weakness of the pound has been driving up the costs of imports and the survey shows that this is likely to feed through to elevated factory gate prices.

In November, CBI director for innovation Tom Thackray noted that supporting and getting behind innovation will be pivotal to the nation's success in the future, adding that research and development spending is still too low. The CBI is now calling for a joint target of three per cent of GDP expenditure to be brought in and there is still plenty of time for the business community and the government to take action in this regard.

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