Figures announced today reveal that the UK manufacturing sector is performing at a five-month high and registered one of its best readings over the past three years.
Darren Jukes, PwC UK manufacturing partner, said: “Good news continues to emerge from UK manufacturing, reflecting the sustained improvement and growth being delivered by the sector. Both domestic and export markets have contributed to this, with new business from overseas rising for a 13th successive month, supported by a stronger inflow of work from North America, Europe, Asia and the Middle-East.
“UK manufacturing employment continues to rise in order to expand capacity, achieve higher production, accommodate rising demand and support efforts to clear backlogs of work. Falling purchase prices are the effect of lower costs for some metals and successful negotiations with suppliers, whilst rising purchasing activity points to a higher demand for raw materials resulting in shortages of certain inputs and a strain on supplier capacity.”