Manufacturing

Industrial production across UK rises

UK industrial production output was better than expected in March, official figures have revealed, with manufacturing output leading the way.

Office of National Statistics (ONS) figures showed an output rise of 0.7% month-to-month rise in March, higher than the expected figure of 0.2%.

Manufacturing, defined in this survey as a sub-section of industrial production, scored a 1.1% increase, with electronics, metals and machinery all said to be performing well.

SME manufacturers remain enthusiastic for 2013

Manufacturers and engineering companies remain overwhelmingly positive for their prospects over the rest of 2013, a new survey has found.

More than 75% are forecasting growth for the year, according to an annual survey by the MHA group, which represents independent financial advisors. A third were even more positive and expected to see double-digit growth by the end of the calendar year.

Almost half plans to increase spend on research and development in 2013 by up to 2% of turnover, up from 37% last year.

Manufacturers optimistic and preparing for growth

A large number of English manufacturers are feeling optimistic for growth, reinforcing recent reports regarding an upturn in the sector, new figures have indicated.

43% of manufacturing SMEs surveyed have seen an increase in orders over the last six months, whilst 62% expect overall sales turnover to grow over the following few months, the Manufacturing Advisory Service’s (MAS) Barometer revealed.

More firms are expected to recruit (39%) whilst a little under half plan to invest in new premises and machinery (44%).

Car manufacturing boom continues

There was an 11.5% rise in new car registrations in January in comparison to a year ago, a new report has revealed.

This was the 11th successive monthly rise in car registrations in the UK, with competitive deals and lower running costs associated with new automobiles persuading people to opt for a new car.

Another solid month of trading for January has led to the Society of Motor Manufacturers and Traders (SMMT) revising forecasts for UK car manufacturing, with now more than 2 million cars expected to be produced in 2014.

UK manufacturing sector gradually expanding

UK manufacturing  has shown positive signs early in 2013 according to the latest Purchasing Managers' Index figures, it was revealed.

Activity across the important sector edged higher in January despite a fall in export orders, with the headline figure at 50.8. Any figure above 50 indicates an expansion.

The jobs market also showed stability through the month, information services provider Markit said.

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