Manufacturing premises in Avonmouth increase output and orders according to EEF survey
The latest survey – from EEF, the manufacturers’ organisation, and accountancy firm BDO – forecasts that output and order intake over the next quarter are expected to increase to a balance of plus 28%, while cashflow is expected to double to a balance of plus 22%.
This follows output and total order increases in the past quarter up to a balance of plus 16% and plus 11% respectively.
The survey also shows that, while recruitment intentions fell (minus 5%), the demand for skilled staff continues with a balance of plus 11% of companies planning to recruit in the next quarter in spite of ongoing difficulties.
Last week a survey by the Manufacturing Advisory Service (MAS) showed the West’s small to medium-sized manufacturers were encouragingly positive in their outlook with nearly two thirds (64%) expecting to increase turnover over the next six months.
South West director of EEF Phil Brownsord said of the new survey: “The outlook is pleasingly positive for manufacturers in the region and appears brighter still looking forward with more companies expecting to see growing production and sales in the next three months.”
Source: Bristol Business News