UK manufacturing activity strengthens
A net balance of 13% of manufacturers reported that they were more optimistic about the general business situation.
Nearly 33% of firms said the volume of output over the past three months was up and 12% said it was down, giving a balance of +21%.
The balance of domestic orders came in at 21% and that for export orders at 24%, both grew more than the previous quarter.
Employment grew at the fastest pace since July 2014 over the last three months, with further growth expected next quarter. A net 20% reported an increase in employment.
New orders growth is expected to slow moderately, as growth in domestic orders eases. At the same time, output is expected to grow at a similar pace next quarter. ■