Civil Engineering and Manufacturing Expands
The survey conducted by the purchasing managers’ index (PMI) has shown a sharp increase in output, a rise in new orders and a fall in cost faced by the manufacturing and civil engineering sector.
The Chartered Institute of Purchasing and Supply (CIPS) reported companies have seen indications that customers are increasingly willing to spend.
Chief executive at CIPS, David Noble, welcomed the statistics saying they are good news for the manufacturing sector. However, Mr Noble mentioned that more time will be needed for the manufacturing industry to establish whether growth is sustainable.
He told the BBC: “The UK manufacturing sector has sprung to life in the first month of 2012 to defy any economic gloom, but it is too early to say whether this trend is sustainable.”
Meanwhile, the UK’s leading infrastructure contractors have urged the government to continue with delivering recently announced investments for improving infrastructure and boosting businesses across the UK.
The government has previously said in its Autumn Statement for 2012 that a key priority for growth will be the Building and Construction Industry –with recent investment of over £5 billion to improve contractors’ order books for years ahead.
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Posted on February 2, 2012, in construction jobs, construction news, elearning awards, Infrastructure, Nick Clegg, Osborne, plumbing jobs, t4ts, train4tradeskills and tagged CIPS, Civil engineer, construction, Government, Institution of Civil Engineers, Manufacturing, New Year, Purchasing Managers Index, Secondary sector of the economy, t4ts, train 4 trade skills, train4tradeskills, train4tradeskillsnews, training, training courses. Bookmark the permalink. Leave a comment.