Morale at UK factories hits record high

first_img Show Comments ▼ Share whatsapp Morale at UK factories hits record high Sunday 13 March 2011 10:30 pm KCS-content Tags: NULL CONFIDENCE among British manufacturers has hit a record high, business consultancy KPMG said today.Over two thirds (68 per cent) of surveyed manufacturers expect business activity to increase, leading to the highest positive balance (60.4 per cent) since the survey began in 2002.And morale in the service sector is also improving, the report showed. Companies in the UK’s largest sector anticipate the strongest expansion of business activity since April 2007.“UK business now appears to be preparing itself for growth,” said KPMG’s Malcolm Edge. “Although recovery is by no means yet assured, there are enough positive signs to mean that businesses need to be planning for better times.”Employment expectations in the service sector are also on the up, rising to the highest survey balance (+23.2 per cent) since April 2007.While positive data from British manufacturers has become a common narrative of the economic recovery, service sector optimism was “more surprising,” said Chris Williamson of Markit, which compiled the data. “The survey therefore suggests that a reasonable pace of economic growth should be sustained in 2011, with increased private sector hiring offsetting some of the looming public sector job cuts,” he added.However, inflationary pressures will increasingly be passed onto consumers, the report suggested. Manufacturers forecast the sharpest rate of factory gate price inflation since the start of the survey. Input price expectations also hit a record high, with a positive balance of 67.8 per cent of respondents anticipating more price hikes. whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comlast_img read more

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