button button button button button button
button button button

Manufacturing strength is no surprise to Chamber

Posted on 11 January 2018

News that manufacturing continues to do well in the UK came as no surprise to the Chamber.

The figures released Wednesday by the Office for National Statistics that manufacturing nationally had risen almost four per cent in the three months to November last year since the same in 2016, merely confirmed the findings of the Chamber’s quarterly economic surveys over the period.

Roughly a third of the companies completing the survey for the fourth quarter of 2017 were from the manufacturing sector.

The results showed that a net 61% of respondents expected turnover to increase in the first part 2018 despite ending both 2016 and 2017 strongly. A net 49% also expected turnover and profitability to improve.

Chris HobsonChris Hobson, Director of Policy at the Chamber, said: “In a quarter in which base interest rates rose for the first time in ten years, inflation reached a six-year high at 3.1% and Brexit negotiations continued, East Midlands companies remained generally confident in relation to future business performance.

“As a consequence, we were not surprised when the Office for National Statistics announced that manufacturing was strong in the three months to November last year. This merely confirms what our surveys have been telling us for more than a year, which is that we remain very good at making things here in the East Midlands and very good at selling what we make on global markets.

“There are concerns on the horizon, particularly around Brexit trade negotiations and the ongoing availability of a skilled workforce as half the respondents to the QES say they employ workers from overseas to posts they can’t fill from domestic labour pools, but by and large the future still looks bright.

“It is essential though that Government doesn’t continue to ignore the East Midlands when it comes to investment in infrastructure, such as essential road improvements and electrification of the Midland Main Line, which could ultimately prove detrimental to the success of the region.”

Share and Comment

Share Your News

Got some exciting news you'd like to share with thousands of Chamber members across the East Midlands? Email your press release to: magazine@emc-dnl.co.uk

microphones

Chamber Magazines

The Chamber produces a range of publications each month to ensure its members are kept up-to-date with all the latest news and updates from the local business community.

magazine

Members' Briefings

Exclusive to Chamber members, Members' Briefing contains vital information on the latest legislation as well as local, regional and national news that has an impact on your business.

briefing

Friars Mill

Friars Mill

Members' Offer

One of the many great offers available to members:

logos
logos
Contact The Chamber Chesterfield (Registered Office): 01246 207207
Derby: 01332 851280
Nottingham: 0115 957 8757
Leicester: 0116 247 1800
Monday to Thursday: 8.30am - 5.30pm, Friday: 8.30am - 5.00pm
logos
© 2018 East Midlands Chamber (Derbyshire, Nottinghamshire, Leicestershire).
All Rights Reserved. Registered in England and Wales. Company No. 01785710
Terms and Conditions. Quality Policies. FAQ's. Contact Us. Web Design by Iogen. Copywriting Support by Green Light Copywriting.