News Stories
Small manufacturing boost
04 November 2010 12:30
Company Profile
A manufacturing study has said the sector is in good health.
The CBI business organisation said a growing number of small
manufacturers were now expecting to increase production to meet rising
demand.
Its latest SME Trends Survey found that 31% of such firms
expect to boost output in November-January, while only 12% are
predicting a fall.
This gives a balance of +19%, better that the +9% figure recorded for the past three months.
Russel Griggs, chairman of the CBI's SME council, said:
"Smaller manufacturers saw the pace of output growth slow slightly in
the last three months after the fillip from stock rebuilding dwindled.
"But manufacturers expect a faster rise in production in the coming three months as demand at home strengthens.
"It is encouraging that firms have increased their headcount
this quarter and are now planning to invest in plant and machinery, and
innovation."
Qimtek Ltd