Selling prices will ‘rise strongly’ predict UK manufacturers
While manufacturing output and export orders were up for UK manufacturers, continued price pressures will lead to ‘strong’ price rises, according to the latest CBI Industrial Trends Survey. The survey of 432 manufacturers reported that total order books were the highest since February 2015, broadly matching the strong levels seen earlier this year. Export orders […]
British manufacturing booms with Brexit on horizon
The UK manufacturing sector had a spectacular start to Q2 2017, hitting a three-year high in the Purchasing Managers’ Index (PMI) at 57.3 in April. According to the Markit/CIPS UK Manufacturing PMI, growth of output, new orders and employment, and stocks of purchases rose at a survey record rate and suppliers’ delivery times lengthened. Last week, […]
Which Midlands town is top for manufacturing jobs?
Business publication FDI – part of the Financial Times – has produced a list of the global states and cities that are manufacturing the most product. Jiangsu on China’s eastern coast, has been rated the top state for manufacturing in the Asia-Pacific region, followed by Java in Indonesia. Raylong in Thailand is the top rated city in […]
Made in the Midlands returns with ‘biggest ever’ expo
Some of the biggest names from the automotive aerospace and oil & gas sectors are set to appear at the Made in the Midlands Manufacturing Exhibition next month. Jaguar Land Rover, Ricoh PLC, Mahle Powertrain, GKN, Sertec, Autins Group, Cab Automotive and hundreds of others are heading to the show, which runs 25 May 2017 […]
Aerospace giants partner Sheffield’s new £43m manufacturing hub
Work is now complete on Factory 2050 – a world-leading research hub into advanced manufacturing, machining and materials for practical use for industry. The University of Sheffield’s new Advanced Manufacturing Research Centre (AMRC) has over 90 industrial partners including heavyweight aerospace names like Boeing, Rolls-Royce, BAE Systems and Airbus. Businesses can work with the facility on […]
Hague Fasteners stars in Brexit piece on Channel 5 News
To mark the enacting of Article 50, Channel 5 News quizzed a number of businesses in Birmingham, including Hague Fasteners. UK PM Theresa May triggered Article 50 on 29 March 2017, formally starting the process of the UK leaving the EU. In the news piece Hague Fasteners’ co-owner Jon Hague speaks out on the opportunities […]
Brit manufacturers see boost in export order books
UK manufacturer export order books have risen to their highest level in three years, according to the latest CBI Industry Trends Survey. Expectations for growth are high among Brit’s producers too – at a more than a two-decade high. 35% of manufacturers expect to raise prices A broad strengthening of manufacturing saw half of orders […]
British manufacturer Hague Fasteners to expand at new site
West Midlands special bolting manufacturer Hague Fasteners is to expand its business operations in Willenhall, in a custom refitted fastener manufacturing facility. The 46-year old Wolverhampton business finalised its purchase of the new site – just a short distance from the existing Watery Lane factory – at the end of January. The business will relocate […]
Leaving the EU has ‘heightened urgency to address skills shortage’
Ensuring everyone has the right skills for the workplace has been found the most pressing need for businesses according to a new survey. Over two thirds of firms struggle to fill highly-skilled roles, a record for the CBI/Pearson Education and Skills survey, which polls close to 500 companies. SMEs make up nearly a third of respondents, […]
Manufacturing market improving, says report
According to the latest monthly CBI Industrial Trend Survey, the manufacturing market is stabilising due to consistent demand and increase of production. The recent survey showed that the total export of orders has risen (especially in the food, drinks and transport sectors) and that growth in output has continued. Although overseas demand is not specifically […]