Results of the latest survey of members of Leeds, York and North Yorkshire Chamber shows a stong growth in export sales and orders amongst manufacturers and an increase in the number of businesses recruiting. Key findings show:

• Manufacturers reported 33% growth in export sales and 11% growth in export orders, the largest reported improvements in over two years
• Matched by a 27% increase in sales in the domestic market (the third consecutive quarter of improvement) and a 8% increase in orders (second consecutive quarter of improvement)
• 43% report an increase in profit expectation, most positive figure in over two and a half years
• 44% have increased their workforce and 20% are recruiting

The findings are consistent with the results of the CBI’s latest quarterly Industrial Trends Survey which shows an export-led rise in manufacturing production for the first time in two years: 31% said output rose during the last quarter of 2009, the first time since January 2008, boosted by relative weakness in Sterling and improving global demand.

Engineering Employer’s Federation has also forecast export-led growth of up to 3.4% in manufacturing during 2011, although performance will be uneven across individual sectors. Mechanical equipment, metal products and metals will see strong quarter on quarter growth throughout the year, while transport and automotive will see fall in output as scrappage schemes run out and as a result of cuts in public spending

Tags: Confederation of British Industry, Engineering Employers Federation

No Comments »

 Email This Post