According to a recent survey, manufacturing in the UK has showed that growth picked up last month (July), following a two year low the month before.

However, overall growth remains practically stagnant.

The index rose to 51.9 in July, from 51.4 in June (figures over and above 50 suggests expansion).

However, it remained below the average of 54.3 the sector has had since April 2013.

Nevertheless, growth of new orders slowed to 52.2, its lowest since September last year.

Production growth was directly affected by consumer goods manufacturing, which offset a contraction in investment goods such as plant and machinery, reports suggest.

Furthermore, demand for exports was being hampered by the sterling-euro exchange rate.

New export orders fell for the fourth consecutive month in July.


Source:  BBC Business

Manufacturing in the UK has faced troubled times for many years, competing with low fixed costs abroad.  At T H Financial Recovery we provide business advice, support and restructuring if necessary, in addition to formal insolvency services.  Business Rescue and Recovery is our forte, contact us for a free, informal discussion.