British industry rises from its knees, – CBI

British industrialists pleased traders

In brief: British companies have managed to increase productivity to the maximum level.

UK small and medium-sized companies in the manufacturing sector reported an increase in orders (including export orders) and 15-year high in May-July, which was supported by the recovery in commodity stocks. A stronger-than-expected rebound in world trade has driven the turnaround according to a study by manufacturers’ organisation EEF and accountants BDO, but the report warned investment by the sector will remain an “achilles heel”, falling by 14pc in 2010.

At the same time in the next three months is expected to decline in the number of orders, according to a study. As the data of the Confederation of British Industry (CBI) the balance of firms who reported increased orders rose to 21 for May-July, the highest level since May 1995 and is comparable to the balance in three of the February-April this year. The growth of orders fell largely on growth in export orders, the balance of which grew to 22, which is also the greatest value since April 1995. But domestic orders for the same period showed only a balance of +3.

Igor Tringlers
2010-08-02 07:11, Economics.

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