Manufacturing surges to a new three year high

摘要

Forecasts for 2014 have been upgraded for both manufacturing and GDP as output and orders rebound to balances last seen in 2010. Britain's manufacturers are experiencing a surge in activity as the long awaited recovery begins to take hold, with output balances reaching their highest level for three years according to a major survey released by EEF, the manufacturers' organisation and accountancy and business advisory firm BDO LLR The rebound this quarter is being led by a stronger domestic market which has often lagged behind exports. But, conditions in overseas markets have also picked up with the balance of companies seeing growth in export sales rising to a two-year high in the past quarter. In line with recent official statistics the upswing in output is broad based across all sectors.