BRITAIN’S manufacturers are celebrating from a continual rise in export demand from overseas markets, according to new research.
A quarterly survey conducted by accountants BDO and manufacturers organisation EEF, shows that over the past three months, output for British manufacturers in the third quarter of the year was up 33 per cent, while new order balances increased by 35 per cent.
The survey found that the growth was largely driven by export markets, with Europe turning out to be the strongest of all the regions. Domestic demand weakened.
The results mean that recovery within the sector has been maintained as output and order balances reached record levels during the second quarter of the year.