British Manufacturers Report High Profitability and Confidence

Britain’s post-Brexit boom continues as UK manufacturers recorded their second-highest levels of profitability ever. According to the Office for National Statistics, net rates of return for manufacturing companies increased from 13.8% in the third quarter of 2017 to 15.8% in the final quarter, marking the second-highest value to date. On top of this, the latest UK Business Outlook from IHS Markit released this morning shows manufacturers are bullish on growth:

“Growth expectations in the manufacturing sector are the highest for more than two and a half years manufacturers cite the improving global economic backdrop and hopes of increased export sales.”

The net balance of UK manufacturers predicting a rise in output is at +58% in February, up on+54% in October 2017. And they said Brexit would crash Britain’s manufacturing sector…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Jacob Rees-Mogg on Theresa May

“There comes a point at which the policy and the individual become so intimately connected that it would be very hard to carry on supporting the person who is promoting this policy.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.