Manufacturing events: UK recovery

The role of factories in driving the UK recovery will be a key topic at manufacturing events, after a recent survey showed record growth rates.

The Chartered Institute of Purchasing and Supply publish an activity index which is the industry’s benchmark for results in the manufacturing sector.

And the latest report found a record number of jobs were created in February, after activity stayed at January’s record high of 61.5. Any figure above 50 indicates expansion.

The figure is the highest level since the survey began in 1992, and will be welcomed by Chancellor George Osborne as another sign of economic recovery.

Analysts have expressed concern that manufacturing cannot sustain this rate of growth.

The focus will now turn to Europe where problems with the eurozone could cause issues with future orders.

Marcus Evans presents manufacturing events, created by experienced professionals and with information presented by industry experts.