Tuesday, October 23, 2012

Manufacturing in the UK on the Rise in 2012


The manufacturing industry inthe UK has been in a bit of a slump, but according to the figures that came out this summer, we may be on the road to recovery. Or at least we can see the decline easing up. If all of this holds true, we can hope that the Bank of England will hold off on announcing increases to the quantitative easing programme that's worth some £375bn and hold the rates steady.


The financial picture since the beginning of the year has not been a pretty one, but seems to be on the mend. With reports of modest increases in new work from UK customers, the new export orders are also looking a little better. While investment goods such as factory equipment declined, producers of consumer goods are noticing a steady and solid rise in output.

Does this breathe of optimism mean that it will be followed by an imminent and sustained recovery? That remains to be seen. Hopefully, overall domestic and foreign demand will pick up and shake off the lackluster months that started off 2012. How much of the UK's financial woes can be blamed on the downturn of the Eurozone? Not to mention a softer international economic growth. That remains to be seen. Many countries in the Eurozone are tightening their belts with stricter fiscal policies that limit the purchasing power once enjoyed by consumers.

The good news for the UK is that the manufacturing decline seems to have stopped in its tracks, making room for fiscal improvement and a more positive mood. What with the phenomenal events that took place on our doorstep this year, citizens of the UK have good reason to hope for the year 2012 to end with a bang.

11 comments:

  1. Good to know about the manufacturing is raised in UK in this year. Hope it will continue in the upcoming years too. Great article with good information

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  2. Let's hope for the betterment of United Kingdom. perhaps, we can treat this as a blessing in disguise. perhaps progress, is already ahead waiting foe us. we should continue to persevere and be hardworking.

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  3. Very Interesting Article worth to read. Hope this will help a lot to the readers of this article. Thanks for sharing.

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  4. yes this is true we may be on the road to recovery and it is making room for fiscal improvement and a more positive mood.

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  5. Fred, over manufacturing anything will lead to financial problem, Industry have to find the buyers, people buy good product only on low price.

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  6. I think this is a very welcoming news. As manufacturing rises in the country, the economy shows signs of health. I anticipate success coming in.

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  7. I wish good luck for the citizens of UK.But this is an overall condition of all countries.Hope UK from this situation...

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  8. yeah true..may be the start of recession end..is soon to be seen..!!
    uk will b providing lot of quality jobs soon..!!

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  9. With the recent development that the manufacturing industry in UK may be on the road to recovery, that would be a positive note to all over the world, not only to UK. If the banking system in UK improves, the the banking system of Europe will also improve. This will also help the recovery of the business opportunities of the first world countries down to the third world countires

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  10. The good news for the UK is that the manufacturing decline seems to have stopped in its tracks, making room for fiscal improvement and a more positive mood. What with the phenomenal events that took place on our doorstep this year, citizens of the UK have good reason to hope for the year 2012 to end with a bang.

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  11. These days after a decline in UK industry now investors are confident about that UK will lead in Foreign Investment. The most important factor for investors is quality life of UK,stable political environment and might be infra structure.

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