UK manufacturers anticipating output growth

Manufacturers based in the UK are anticipating output growth in the coming months, according to a new study gauging the optimism of British firms.

A poll of 470 manufacturers for the CBI's new Industrial Trends Survey shows that 22 per cent describe total orders as above normal at the moment, and predict that production will continue to grow over the next three months.

The survey also found that stocks were seen as high in relation to demand in September, with 21 per cent of firms reporting stock levels as more than adequate, which is above the long-term average and the strongest balance since June 2009.

Commenting on the figures, Ian McCafferty, CBI Chief Economic Adviser, said: "UK manufacturers report some slackening in demand this month, following the volatility in financial markets and the slowdown in growth in our major trading partners. As a result, firms now say stock levels are high relative to expected demand."

Nevertheless, he said the fact that UK manufacturers remain optimistic that production will continue to grow over the coming three months bodes well for the creation of jobs in the sector, including sales recruitment positions.

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Posted by Nikki Barrister

Filed: 23-09-2011