Facebook - Shropshire Business Twitter - Shropshire Business LinkedIn - Shropshire Business
http://www.mcconnel.com

Factory sector remains optimistic

Britain's factory sector grew more slowly than expected in February but still looks set to help the economy keep up its strong, post-Brexit vote momentum in early 2017, according to latest figures

The Markit/CIPS UK Manufacturing Purchasing Managers' Index (PMI) also showed a slight easing in inflation pressures, which had been rising at a record pace after the tumble in the value of the pound triggered by the decision to leave the European Union.

The overall manufacturing PMI slipped to 54.6 from 55.7 in January, below the median forecast of 55.6 in a Reuters poll of economists.

John Pitchford, Head of Corporate Banking for Barclays in Shropshire (pictured), said: “Two months into 2017 and despite a slowing in the rate of growth in February, manufacturers continue to register strong levels of output, healthy order books and growing trade courtesy of a weak sterling. 

“However, despite the recent surge in exports, the sector continues to rely mostly on domestic demand and with price rises feeding through on the back of growing input costs, even with their recent easing, inflationary pressure continues to hover with intent. 

“It’s how manufacturers now respond, particularly in their investment intentions, that will help determine how long the raised level of optimism in the sector continues.”   

 

Bank cautious after retail sales issued

Difficult times for retailers despite ONS figures - Barclays

14th December 2017

Figures reveal slowdown in retail spending

But Barclays boss warns against overstating the negatives

20th October 2017

Retail sector slowing down

Squeeze on household budgets taking toll on retailers

16th June 2017

Christmas retail trends

Barclays survey reveals signs of confidence

23rd November 2017

Double business boost from new economic data

GDP figures are better than expected

27th October 2016

Changing young people's perception of manufacturing

Solutions proposed at national conference, held in Shropshire

24th January 2019

Engineering and manufacturing careers promoted

Sector will see its largest dedicated career day in Shropshire

17th April 2019

£4 million boost generates 2100 jobs

Manufacturing support leads to surge in SME jobs

11th October 2018

Changing times for automotive sector

Open house session addresses the current picture

7th January 2019

Rapid prototyping service launched

3D printing specialists unveil new division in Telford

30th August 2019

£6m bottling line unveiled

Water firm increases capacity with new installation

9th February 2017

Care operator diversifying after investment

CLCA creates overseas call centre

7th November 2017

Experts to share tips at business events

Networking meetings in Whitchurch and Shrewsbury on March 1

27th February 2017

New HQ secures jobs for thriving retailer

e-commerce to drive expansion for Charlies Stores

19th October 2018

Credit union joins Barclays scheme

Application is a success

30th July 2018