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UK manufacturing keeps growing despite export weakness-中国最大钣金展-锻压展-2015第十六届广州国际钣金、锻压工业展览会-巨浪展览- The 16th China（Guangzhou）Int’l Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
12/3/2014 钣金展-锻压展-sheet metal expo |
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Domestic demand helped the UK’s manufacturing upturn continue in November with further expansion of output, new orders and employment, new data shows.Manufacturing production rose for the twentieth successive month in November, according to the Markit/CIPS Purchasing Manager’s Index (PMI), which reached a four-month high as companies scaled up output in response to improved inflows of new work.Solid domestic market conditions, promotional activity and new client wins were all factors driving the latest rise in new work, said a statement from Markit/CIPS.November saw output and new orders increase in the consumer, intermediate and investment goods sectors and also across small-and-medium-sized enterprises (SMEs) and large-sized companies. Manufacturing employment also increased, with the sharpest increases among SMEs.However, the trend in new export orders remained weak as companies faced a combination of subdued global market conditions and a relatively strong sterling-euro exchange rate.New export business decreased for the third consecutive month, with companies reporting lower order inflows from the EU, Russia and emerging markets.Rob Dobson, senior economist at survey compilers Markit, said: ‘In the lead-up to the Chancellor’s Autumn Statement, the November PMI survey shows the UK manufacturing sector continuing its solid expansion.‘Despite easing from the stellar pace set in the first half of the year, growth is still coming from a broad-base that will aid its sustainability. Production and new orders rose across the consumer, intermediate and investment goods industries and at SMEs and large companies alike.‘The news on the domestic front was especially positive, with solid new order inflows from the UK market the main pillar supporting the expansion. This in turn encouraged manufacturers to raise employment at the fastest pace in four months.‘The only real negative from the survey came on the export-side, with new export business suffering a further slight decline. Slower global economic growth is hitting sales to emerging markets, while a strong sterling-euro exchange rate is also stifling trade with the eurozone nations.‘Apart from the underlying growth picture, a lot of focus remains on the trend in prices. On this score the latest survey suggests that price pressures in manufacturing remain subdued, with input costs falling for the third straight month and output charges rising only negligibly.‘Recent falls in oil prices should further help reduce manufacturers’ costs. Waning inflationary pressures in industry will continue to provide some leeway for the Bank of England to hold off from raising rates even as solid growth persists.’The data paints a similar picture to last month’s Industrial Trends Survey from the Confederation of British Industry (CBI), which reported above-average and broad-based manufacturing growth, but that sluggish export demand meant the recovery had slowed compared to earlier in the year.
中国最大钣金展-锻压展-2015第十六届广州国际钣金、锻压工业展览会-巨浪展览- The 16th
China（Guangzhou）Int’l
Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
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