UK Manufacturing Industry Sees Signs of Growth
The Office for National Statistics has stated that the UK has grown 3.8% since April 2013 and shows promise of increasing further over the next year.
Mainly the rise is mainly driven by transport equipment, tobacco, beverages, food and pharmaceuticals with the overall output of UK manufacturing output by 1%. The UK industry us now at a 2 1/2 year high in terms of levels of output with companies achieving good trading conditions all around.
The manufacturing industry indicators are lining up for a strong quarter growth with the UK output increasing the value of the Sterling in relation to t he dollar and against the euro.
George Osborne stated that this push on increasing the manufacturing output is part of his aim to rebalance and re-align the UK economy.
A recent survey at the British Chambers of Commerce showed there are 6 key manufacturing balances including the likes of investment plans because it broadens the efforts to rebuilding the economy further and export more produce.