The recent poll, which has taken into consideration 369 companies, has found that the output from the manufacturing sector continued to move downward, but showed some signs of improvement in the last quarter. The upturn comes after manufacturing output, around December 2015, hit its weakest level in the past six years.
The manufacturing output in the U.K. seems to have finally begun to turn around for the better. Manufacturers are also now hopeful that output from the manufacturing sector in the U.K. will show gradual improvement in the coming months as factories are beginning to see new entries in order books again. However, having been buffeted by harsh economic conditions, manufacturers in the United Kingdom will likely continue to hold a cautious outlook. The factors prompting this outlook are a steel glut, China’s lackluster economic performance, and a commodity price fall.
Nevertheless, there’s no denying that a chink of light is streaming in on the manufacturing industry in the United Kingdom, encouraging manufacturers to put the gloom of 2015 behind them. According to top officials from the EEF, U.K.’s manufacturing sector continues to remain in negative territory, but the climb back to the peak – albeit a rough one – has begun.