Monday 25 June 2012
UK manufacturers are expecting to see higher rates of business productivity over the next three months, it has been suggested.
According to the latest Industrial Trends Survey from the Confederation of British Industry (CBI), 27 per cent of firms expect to see increased output over the next quarter.
This compares to 19 per cent of company bosses who expect productivity to fall away over the next three months.
The flow of orders saw an improvement in June, with 17 per cent reporting that order books were above normal.
With 28 per cent stating that order levels were below normal, the balance of -11 per cent represents an upturn from last month (-17 per cent) and is above the long-run average.
Ian McCafferty, CBI chief economic adviser, said that despite facing continued instability within the eurozone, UK manufacturers have seen a modest re-bound in orders from both their domestic and export markets.
"As a result, firms are expecting output to pick up over the next quarter, although the pace of growth is still expected to be somewhat lower than earlier in the year," he stated.
Posted by Dan Smith