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Advanced Engineering 2020

NEC, Birmingham(B40 1NT)

04/11/2020 - 05/11/2020

The UK's largest annual advanced manufacturing trade show, Advanced Engineering is your opportunity to (more)

Drives & Controls Exhibition

NEC, Birmingham(B40 1NT)

25/01/2021 - 27/01/2021

The show brings together key suppliers of state-of-the-art equipment representing the multi-tasking culture (more)

SME confidence at a 12 month high

Growth prospects amongst English manufacturing SMEs is at a twelve month high according to the latest Manufacturing Advisory Service (MAS) Barometer, which reveals nearly two thirds (64%) of companies questioned are expecting to increase sales over the next six months.

There was equally positive news on recent performance, with 47% of the 700 firms who responded reporting a rise in sales turnover (+4% on the previous quarter), whilst 93% of manufacturers are looking to take staff on or keep workforce levels the same.

Appetite for investment has also seen an upturn, with 39% planning to boost spending on new technologies and 48% intending to invest in new machinery and premises - both up 4% on the same period last year.

This overwhelming optimism is present despite ongoing barriers causing SME manufacturers to turn down new opportunities.
 

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