Manufacturing recovery will drive job creation, says PwC
The revival demonstrated by manufacturers is evidence that the sector is "best placed to provide a platform for the economic recovery". That's the view of David Martin, manufacturing sector expert at PwC in the Midlands. His comments come as the latest industrial trends survey is released.
In the April 'Quarterly Industrial Trends Survey', 36 per cent of manufacturers said they had seen an increase in output in the last three months, while 15 per cent said it had fallen, giving a rounded balance of 20 per cent.
The rates of growth are the strongest reported since April 1995.
Martin said: "It is good to see another strong performance from the manufacturing sector, caused primarily by export growth helping to boost overall output for the quarter.
"This demonstrates that manufacturing businesses are best placed to provide a platform for the economic recovery, driving new job creation and further optimism for the future."
