Looking for a used or new machine tool?
1,000s to choose from
Machinery-Locator
XYZ Machine Tools MPU Hurco MPU Bodor MPU Ceratizit MPU Mills CNC MPU 2021

Marked increase in export orders

Posted on 30 May 2015 and read 2253 times
Marked increase in export ordersNearly half (46%) of 2,300 manufacturing companies questioned in a recent survey (by the British Chambers of Commerce and DHL Express) said that their export orders increased in the first quarter of 2015, compared with just 36% in the previous quarter.

In comparison, the number of service companies with increased export sales remained flat at 33%.

The survey found that 44% of manufacturers increased their workforce in the first three months of the year, and 84% of these new jobs are full-time (up from 61% in the fourth quarter of 2014).

However, the sector is still feeling the impact of the strong pound against the euro. The survey found that 55% said their ability to trade overseas had been affected by exchange rates, compared with 48% in the previous quarter and 34% in the first quarter of 2014.


John Longworth, director-general of the BCC, said that manufacturers are turning to “larger and faster-growing” export markets to improve their “growth ambitions”.

He said: “Encouragingly, the increase in export sales and orders has come about in spite of the rise in the pound against the euro over recent months — a credit to the strength and expertise of the UK’s manufacturing sector.”

He added: “Real progress towards eliminating the UK’s trade deficit remains elusive. We have to develop a pipeline of new exporters and help existing exporters break into new markets.

“Only then will the UK regain its position as a trading powerhouse and unlock future economic growth.”