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Manufacturing sector on the slow road to recovery |
Responding to today’s CBI industrial trends survey David Raistrick, UK Manufacturing Leader at Deloitte commented:
“While the manufacturing sector still faces a very challenging environment, recent reports suggest that the industry may have passed the worst and is on the slow road to recovery. Production figures, while still negative, are the most positive they have been in over 12 months which should boost confidence in the sector.
“Demand remained low last month however we are starting to see the emergence of some of the world’s larger economies out of recession. At a time when sterling remains comparatively weak this could start to contribute to an export-led recovery for UK manufacturers.
“Today’s findings suggest that destocking may be a thing of the past and that manufacturers’ output may have the chance to level-out or even increase. This is positive news and will hopefully result in a stabilisation of production.”
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Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTT and its member firms.
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