UK manufacturing boosted by surge in demand for British goods
Output is on track for its fastest growth since 2014, with a weaker pound driving overseas demand for UK goods, a survey shows.
Britain’s manufacturing industry remains strong, with exports up as UK trade continues to enjoy a boost from a weaker pound and an improving global economy, according to a new survey.
The quarterly survey, compiled by EEF, which represents British manufacturers, and accountancy firm BDO, said Brexit-related uncertainty was presenting “less of a drag than previously expected” with firms reporting positive output and new order balances.
It said “a combination of the weaker exchange rate and enduring healthy demand conditions should see exports continue on the up”, putting factory output on track for its fastest growth since 2014.