It is reported that UK manufacturers’ confidence is at its highest level in a decade. Businesses are seeing  signs of a real economic turnaround. A survey by Make UK, reports that both output and orders have improved. Thus confidence has reached a rating of level 7 (on a scale of 1 to 10). This is only the second time it has reached this level since 2014. This is due in part by Manufacturers being hopeful that interest rates will fall as inflation cools. One benefit is that, with demand soaring and optimism increasing, more businesses expect to recruit over the next few months. The manufacturing sector is expected to outpace overall growth this year. Growth is forecast at 1.2% compared to 0.9% across the broader economy.

BFS Comment:

Good news. One hopes that the results of the pending UK elections will not have an adverse effect on this optimism. If you are looking for finance to grow your business then call us on 07770 866 955 for a free consultation on how we can help.