Manufacturers remain optimistic about 2012

Companies across the UK remain confident that their situation will improve over the coming months and business will continue to blossom, according to the latest report from KPMG.

The analyst predicts that some manufacturers are expecting activity to rise over the coming year, with more than a third of companies anticipating an increase in new orders over the next 12 months.

There is also hope for people on the hunt for new roles, with employment prospects improving for a number of companies as they seek staff to fill roles.

According to the data, similar results will be seen in the service sector across the UK, with the same proportion (33 per cent) of organisations optimistic that both current levels of activity and new business will increase between now and winter 2012.

Commenting on the latest figures, Malcolm Edge, KPMG's UK head of National Markets, said it is good to see that both the UK manufacturing and services sectors are anticipating growth across most key indicators.

According to a recent Xpert HR study, overall pay awards among manufacturing companies continue to run ahead of those in the services sector.

For the three months ending October 31st 2011, the headline pay award among manufacturing firms was 2.5 per cent compared with 1.5 per cent for service, though this included the public sector.

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Posted by John Oak

Filed: 06-12-2011