Manufacturing production has picked up
Recent figures show that production in the manufacturing industry picked up by 0.8% in November, even though the sector experienced a major dip in October. This means that in total in Q4 the industry saw a 0.5% growth.
In December, figures showed that the sector hit a 30-month high. According to research from IHS Global Insight, strong order numbers in December suggests that the manufacturing activity should be decent at the start of 2017. Despite strong forecasts, it remains to be seen how the sector will be affected by issues which are set to intensify throughout the year, including the Brexit uncertainty, the rise in inflation and slow wage growth.
If your business is worried about trading in amongst the Brexit uncertainty, please contact us to discuss our range of credit insurance options on 01275 817320.