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Manufacturing Success

It’s good to head towards the end of the year on a high and that is exactly what UK manufacturing is doing judging by the latest EEF report. Their Manufacturing Outlook Survey reports a clean sweep of positive indicators in both output and orders in 2017, the first time that has happened in 10 years. In addition 81% of manufacturers have seen improving demand in at least one major export market in the past three months and 20% of manufacturing companies are planning to increase investments in the next twelve months.

Commenting on the report, EEF economist Lee Hopley said “Stronger global growth has cemented the foundations for growth in manufacturing this year, but the sector's contribution to the UK economy has been greater than most expected.” Should investors respond to the report by investing in the UK? Well firstly it has to be remembered that UK Manufacturing still accounts for around a tenth of the overall economy and not every sector is reporting such a positive end to the year.

It is also worth looking at standard best advice which is to build an investment portfolio which is based on the current situation and expected future needs of the individual and which contains a spread of investments across sectors and global areas. If you are looking for pensions or investment advice, or if your situation has changed and you may therefore need to review your existing investments, contact Beckworth by using one of the links on our website.