Stakeholder - Gateley Vinden


Manufacturing positive for 2018

January’s IHS Markit/CIPS UK Manufacturing PMI® figures have been released. At 55.3, January’s figures have slowed from December’s growth of 56.2 and are even further down on November’s 51-month high.

The latest figures show the lowest rate since June last year, however, the figures are still in the growth spectrum (over 50.0).

Manufacturing output has continued to rise at a solid pace, with higher production reflecting rises in new order intakes and robust demand from both domestic and export clients. While there are further solid increases in output and new orders across the consumer, intermediate and investment goods sectors.

The growing trend in export continued throughout January, with foreign demand improving at one of the quickest rates over the past four years; including increases to North America, China, mainland Europe, the Middle East and Japan.

Many respondents have pointed to intensifying price pressures. An increased demand for inputs led to improved supplier pricing power and shortages of raw materials, resulting in a marked acceleration in input cost inflation. Purchase prices rose at the fastest rate in 11 months and to one of the greatest extents in the survey history.

The latest survey reports an optimistic outlook is being taken by UK manufacturers, with over 55% forecasting production to be higher in one year’s time. Optimism reflected improved market conditions, global economic expansion, fuller order books, export opportunities, investment in new equipment and planned product launches.

Peter Vinden, Managing Director of The Vinden Partnership, said: “The continued growth in the manufacturing sector is a positive sign for UK economy. With a small dip from December, the figures are still in growth and well above the low point five years ago.

“Global demand and job creation is strong, and this can only be positive for the UK as a whole, even with the inflation of some materials’ cost.

“It’s great to start the year on such an optimistic note, and one which the sector can see continuing throughout 2018.”

Contact Us

Gateley Vinden

Regent House

Folds Point

Folds Road

Bolton

Lancashire

BL1 2RZ

Bolton – Telephone: 01204 362888

Nottingham - Telephone: 0115 947 5334

London – Telephone: 0845 504 9733

www.gateleyvinden.com

 twitterfacebooklinkedin
  • UK Construction Online’s Stakeholder page offers you the chance to find and learn about the leading companies in the UK Construction Industry.

    Featuring the very best suppliers and operators in the sector our stakeholder’s pages offer detailed information about the company, their latest case studies and press releases, plus products and services and testimonials.

    We work with our stakeholders to constantly update and maintain this database to ensure that the information is relevant and helpful for those looking to source premium quality companies in the UK construction market.

    You can ‘View all Stakeholders’ or use the drop down menus to find specific stakeholders via their company name or by sector.

    Join the Fastest Growing Community for Construction

    UK Construction Online's Stakeholder package quickly connects your company to our vast audience of over 250,000 visitors a month.

    View our latest Alexa ranking:

    What is a Stakeholder?

    A stakeholder is a Mircosite that has the power to highlight a product or service, launch a promotion, or promote brand awareness to the construction industry in a way that full websites or more traditional marketing cannot.

    All stakeholders have the ability to have their latest press releases and case studies promoted across the UK Construction Online platform. UK Construction Online is updated daily, with the latest news across all sectors within the construction industry and all stakeholders are promoted on both social media and to a mailing list of over 122,000 subscribers.

    UK Construction Media
    0800 6127680
    enquiries@promarkmedia.co.uk