After it was recently announced that the economy is showing signs of recovery, manufacturing SMEs in England are predicting an increase in sales over the next six months according to the latest Manufacturing Advisory Service (MAS) Barometer.
Just over half of the 607 companies questioned expect to grow between October and March 2013, with 41% of firms set to boost investment in plant and machinery. There was also a moderate increase in those planning to spend on new technology (38%).
Lorraine Holmes, Area Director for the Manufacturing Advisory Service (MAS), commented: “It’s reassuring to see more SMEs are expecting to increase their sales going forward and this despite a slight fall over the last six months. Manufacturers have been reporting fluctuating demand and softening in certain sectors so to see the renewed optimism suggests many believe these markets are coming back on stream.”
She continued: “86% of companies told us that they intend to maintain or increase their workforce, which shows a general stability in these figures.”
This is the third National Barometer conducted by MAS and provides a snapshot of trends in English manufacturing SMEs from July to September 2012, as well as an overview of economic conditions and issues faced by the sector.
A key focus this time was the barriers to grow for companies entering specific industries. Companies said that market knowledge was the biggest challenge to entering seven of the twelve sectors listed (aerospace, chemical, electronics, marine, off shore wind, pharmaceutical and rail), with material costs the major concern for firms looking to get involved in food and materials/engineering.
Specialists in 5 Axis Machining
At Amdale we have recently expanded machining capacity in order to keep up with demand from our customers. With two new additional DMU milling machines to the 5 axis machining cell, means that we are able to combine the flexibility of modern milling machines and the performance potential of vertical machining centres. Highlights of our 5 axis machining cell includes innovative machine design, linear drives in the X and Y axis and the integrated 2 Axis swivel rotary table that give our 5 axis machines maximum efficiency and flexibility.
It is encouraging to hear of the confidence amongst manufacturing firms but of course these are still challenging times ahead. The recent GDP output is the latest sign yet that the wider economy is starting to recover and there is a bright future for manufacturing in the UK.
Amdale will continue their commitment to exceed customer expectations through continuous investment in the latest innovative technology and the quality inspection department which are key to Amdale’s success.