Manufacturing technologies end 2010 on a high
1 min read
The UK's manufacturing technology sector is ending the year in a bullish mood with the latest survey from the Manufacturing Technologies Association (MTA) suggesting another jump in orders. Both the levels of inquiries and order intake were up when compared to the previous month's data.
The data, which supports earlier indications from across manufacturing as a whole, point to a business environment which is looking to invest in capital equipment. Companies in the manufacturing technology sector are taking advantage of the opportunities being created as the economy picks up and as British exports continue to enjoy a boost from the competitive exchange rate.
The level of orders is being maintained at the comparatively high levels seen since the summer, and business confidence is also holding up. The trend is positive in terms of jobs in the industry too, with several MTA members reporting increased numbers of vacancies.
MTA director general Graham Dewhurst said: "The results from our survey are positive for the manufacturing sector with the indicators pointing to an optimistic start to 2011. The flash survey provides an excellent temperature check of the industry – and we hope that the tough times are finally behind us and we can look forward to a prosperous future."
