UK Manufacturing Hits Ten Year High

A rise in manufacturing and engineering output was sustained by export growth, according to the UK-based Engineering Employers Federation (EEF).

The past quarter was marked by a positive increase in demand from Europe. These figures reiterate other recent data, which had shown similar positive patterns in manufacturing.

The latest results showed the balance of exports rose in the last quarter to its highest level since 1995.  The balance of domestic orders was less notable, however, staying at the same as the previous quarter.

The survey also revealed that more companies saw increases in employment rather than job cuts in the past quarter and that employment prospects were positive for the first time in a year.