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Strong outlook for manufacturing sector
Activity in the UK manufacturing sector remained solid in May, and output is expected to rise strongly in the next three months, the latest CBI Industrial Trends Survey shows.
Output volumes continued to grow at the same rate as in the previous two months, and with stronger growth anticipated for the coming quarter.
The survey of 437 manufacturers found that total order books remained well above the long-run average. Export orders fell below normal, mainly driven by the chemicals and automotive sectors, but remained strong by historical standards.
Do you agree with the CBI assessment?
I am continuing to see strong growth across the sectors I coach. Are you feeling the effect as the whole supply chain gets the bounce from larger businesses?