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Manufacturers enjoying buoyant trading conditions

Growing demand in overseas markets had led to buoyant trading conditions for UK manufacturers, a new report shows.

According to the Manufacturing Outlook from the industry group the EEF and accountants and business advisors BDO, output and orders are running at record levels and have been for the last six months.

Both are expected to continue growing over the next three months, with overseas markets driving the increases.

The report showed that where manufacturers expose themselves to new export markets, they enjoy a better business performance.

Commenting on the findings, Lee Hopley, chief economist at the EEF, said: "manufacturers have continued to reap the rewards of growth in overseas markets with the upswing being felt across all sectors and regions."

Meanwhile, in an article for the Sunday Telegraph newspaper, Sir Anthony Bamford, the chairman of JCB, has called on the coalition government to create a long-term strategy to put manufacturing back at the heart of the UK economy.
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