Manufacturers start on high note

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Manufacturers have started 2014 on a positive note, with production and new order growth rates both remaining among the highest they have been for more than 20 years.

The latest Purchasing Managers Index, carried out by economic data specialist Markit for the Chartered Institute of Purchasing and Supply, found manufacturing output rose for the ninth month in succession.

Commenting on the survey, Andy Tüscher, regional director of the manufacturers’ organisation, the EEF, said: “Manufacturers ended the year on a strong note and rising production, new orders and increased employment in December provided a springboard for growth going into 2014.

“Surer signs of a manufacturing recovery in Europe together with steady growth both at home, in the US and emerging markets should align to support solid expansion of UK manufacturing in the year ahead.

“However, while we can hope to see more of the ground lost during the recession made up this year, we must also start to see new investments coming on stream if the sector is to secure a sustainable, long-term recovery.”