Positive signs for investment in manufacturing
The past six-months has seen investment stabilise or increase in manufacturing technologies according to the latest survey from the Manufacturing Technologies Association (MTA).
Looking forward over the next six months, 35% of respondents indicated investment would be higher in comparison to the previous six months, and only 5% said investment would be lower or much lower – hinting at a positive start for 2011. These results indicate that after a reduction in spending during 2009 and into 2010, businesses are looking to invest more to help reinvigorate the sector over the next two quarters.
The September survey also showed a high level of inquiries and consequently business confidence, following a seasonal dip over July and August. Although invoiced sales were unchanged compared to the August results, the majority of respondents reported a month-on-month increase in orders in September.
Employment results were positive in September with almost 20% of respondents reporting an increase in the number of people they employ, extending the run on this positive balance in employment to three months.
(Source: MTA, October 2010)