UK manufacturing shows signs of recovery – but firms remain cautious
A rebound in manufacturing appears to be under way after a disastrous start to the year, according to a survey of the sector in April, reports The Guardian.
Strong sales of consumer goods to North America, the Middle East, Latin America and Australia helped the sector stabilise after a slump in January and February.
An improved outlook for manufacturing, which was a drag on output in the first quarter, could allow GDP to maintain a more consistent and positive path over the coming months.
The consumer goods industry led the way, with companies producing machine tools not far behind, as the sector showed a modest rise in production amid a widespread clearance of stock left over from the slump earlier in the year.