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Manufacturers stay upbeat as exports rise

Clipped to the Drawing Board by Ryan  
Britain's manufacturers today provide the government with some rare good news on the economy when they report that strong growth in exports to the Middle East and China has given the sector a 10th successive quarter of growth.

In its quarterly survey, the industry body EEF helped counter the gloom from the housing market and the high street by declaring that trading conditions remained robust despite hefty increases in the cost of fuel.

"Manufacturers are providing a beacon of light amid the current economic gloom and remain cautiously optimistic about their immediate prospects," said EEF's chief economist, Steve Radley. "Companies are responding to the squeeze on their margins from rising costs by continuing to invest in their businesses to drive up productivity."
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Monday 2 June, 2008 08:49 PM
 
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