Investment 'favoured over cost-cutting'
Many global businesses are favouring investment over cost-cutting in order to aid recovery, particularly in the manufacturing sector, a new report has claimed.
According to the study, published by Eversheds, businesses will continue to drive demand and will also have a stronger appetite to invest in three key areas in the near future - staffing levels, marketing activity and research and development projects.
Stephen Sorrell, partner at Eversheds, said that the findings show a very "mixed picture" in terms of confidence levels and the ways in which businesses have tackled the challenging economic climate.
"It's really encouraging to see that the manufacturing industry is among the most optimistic, while the construction sector, which was arguably the hardest hit by the global recession, has a healthy level of optimism in line with the global average," he noted.
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Posted by John Oak 
Filed: 02-09-2010
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