Manufacturing Sees Strong Growth
Small Business News – Monday 3rd September 2007
UK Manufacturers have recorded their best performance figures in over 10 years according to a joint report by the EEF business group and financial firm Grant Thornton.
In addition the survey also found that domestic orders have exceeded exports for the first time since Q4 of 2002.
Despite the current turbulence in world financial markets, this news is a boost for the UK’s small business sector, although caution is advised.
The key findings of the report also include:
- Strong activity in Q3
- Export orders being exceeded by domestic orders
- Increased strength in investment intentions & employment
- Improved business optimism for Q4
- Revised upward growth forecasts revised for 2007 & 2008