The latest CBI Industrial Trends Survey suggests that the UK’s manufacturing sector is poised to generate plenty of new jobs and contracting opportunities over the coming quarter as expectations of renewed growth rise vigorously amongst firms, despite an easing of the pace over the last three months.
Although nine of the sectors sampled in the survey of 414 manufacturers reported that they had seen an easing in the rate of growth over the last quarter, 16 sectors reported confident expectations that output growth would accelerate in the coming three months. Total order books in August returned to the healthy level of June after a dip in July, with export order books repeating this pattern.
Expectations of further growth in output over the coming quarter appear to have pushed stock adequacy to its highest level in 12 months.
With business recuperating so vigorously, it is by no means unlikely that manufacturers will require additional staff to cope with rising demand, making new openings for Umbrella Company Employees, contractors and permanent candidates considerably more likely.
The CBI’s deputy director-general, Katja Hall, said: “The outlook for UK manufacturers remains healthy, with both total and export orders firming up. Despite a dip in the pace of output growth, companies expect a strong pick-up in the next three months. But with growth flat at best in the eurozone and sterling having risen in recent months, there are still some headwinds to export demand. We need more manufacturers exporting to high-growth markets, which will help to put the recovery onto a more balanced, sustainable footing.”