Manufacturing News – December 2023
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Britain’s manufacturers have seen output surge three times faster than orders in the last quarter, a new report has revealed.
Meanwhile, business confidence indicators are also starting to show the first signs of a more stable economic backdrop after years of global and domestic uncertainty.
The findings come in the Q4 Manufacturing Outlook survey published today by Make UK and business advisory firm BDO. According to Make UK, it is extremely rare for output to surge faster than orders to this degree. The last time was when companies were stockpiling ahead of a potential ‘no deal’ scenario at the end of 2019.
The survey also shows that export orders surpassed domestic orders for the first time in four years, suggesting that companies are taking advantage of new or faster growing markets in contrast to an anaemic UK economy.
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