Manufacturing sector tops performance index
Manufacturing has experienced its highest level of turnover since the beginning of the financial crisis in 2007, according to an economic study by invoice finance specialist Bibby Financial Services.
The Business Factors Index, produced each quarter, tracks the turnover performance of Bibby Financial Services' 4,000-strong client base against a base point of 100.
During the third quarter of 2012, the manufacturing sector of Bibby's client base was not only at its highest ever level of 129.6, but has also seen three consecutive quarters of growth during 2012 – 5.5 per cent up on Q2 and 13.4 per cent higher than Q1.
The Index also highlighted that manufacturing clients were out in front of other sectors including construction, wholesale, transport and business services, despite positive performances being seen across the entire client base.
