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Manufacturing Hope

With all the stories about closures within the UK steel sector hitting headlines over the past few weeks, there had been speculation about whether there would be a knock-on effect into manufacturing as a whole. However, when the October Markit/CIPS manufacturing index was released, it in fact revealed a 16 month high.

The Markit index is a measure of growth, with anything over 50 indicating expansion. In September the figure reported was 51.5 and market analysts had forecast that October’s figure would be in the region of 51.3. However, the Markit report actually came in at 55.5, thanks to a rise in domestic orders alongside an increase in trade with the Middle East, East Asia and the USA. It’s also worth noting that the majority of the expansion is confined to larger companies, with SMEs reporting more subdued expansion levels.

With this rise in manufacturing orders and output should people look to invest in the manufacturing sector? The straight answer is that it depends on the individual portfolio. For most people, investment looked on as a long-term proposition. Standard investment advice is that decisions should be made less on market fluctuations and more on creating a balanced portfolio which meets the needs and current expectations of individuals.

In summary, whatever you want to do you really need to talk to Beckworth who will be able to guide you through this complex area. Please contact us by using one of the links on our website