6
Sep
UK manufacturing 'boosted by overseas demand'
Rising overseas demand has created buoyant conditions for
manufacturers in the UK, a report suggests.
The Engineering Employers Federation (EEF) predicted
manufacturing output would increase by 3.7% this year and by 3.2%
in 2011.
It added firms were creating jobs - though these were mainly
going to temporary or agency staff.
The EEF also warned that cutbacks in government spending and the
uncertain outlook for the US could affect growth.
"Manufacturers have continued to reap the rewards of growth in
overseas markets with the upswing being felt across all sectors and
regions," said EEF chief economist, Lee Hopley.
"However, we have to maintain perspective that the recovery is
coming from a very low base and the risks to the economy in the
medium term haven't gone away."
Source: http://www.bbc.co.uk/news/business