Economy

Manufacturing demand hits six-month high

The UK manufacturing industry continued robust growth in February with orders and output both reaching levels not seen for six months.

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The UK manufacturing industry continued robust growth in February with orders and output both reaching levels not seen for six months.

Economy

Manufacturing demand hits six-month high

The UK manufacturing industry continued robust growth in February with orders and output both reaching levels not seen for six months.

Share this article

The UK manufacturing industry continued robust growth in February with orders and output both reaching levels not seen for six months.

Figures involving 552 factory businesses from the CBI show that activity in the sector was up in February on already-strong growth.

Evidence also suggests the growth will continue for at least the next three months, with export orders rallying from ground lost in 2014.

Rain Newton-Smith, CBI economics director, said lower operating costs including the plunging price of oil were giving businesses a lift.

“Our manufacturers have more of a spring in their step this month, regaining some of the momentum lost towards the end of last year.

“The drop in oil prices is good news for the manufacturing sector in the UK, bringing with it lower operating costs, but North Sea producers are clearly suffering.

“Export orders picked up significantly, to a level not seen for six months, but uncertainty over prospects in the Eurozone will continue to weigh on export demand.

“So, it’s imperative we continue to help manufacturers sell their products and services into high-growth markets around the globe.”

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Manufacturing demand hits six-month high

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