Growth sustained in manufacturing technology
1 min read
The level of orders and sales in the manufacturing technology sector was maintained in July although the level of customer enquiries and the value of orders have fallen slightly.
According to the latest survey from the Manufacturing Technologies Association (MTA) published today (23 August), July saw levels of orders and sales in the manufacturing technology sector broadly maintained. This month, the value of order intake fell slightly, though the cumulative trend remains high. Invoiced sales increased in comparison to the June figures with the majority of respondents reporting a rise in sales, taking the cumulative trend to its highest level for four months.
The balance for business confidence remained significantly positive despite feedback that the level of inquiries has fallen. For some businesses, MTA speculated that the fall of inquires in July could be attributed to a peak of business interest following the MACH2010 exhibition which was staged in early June.
Meanwhile, July saw the first positive balance for jobs, although the majority of respondents reported no change in their employee numbers.
