Friday, March 05, 2010

Industrial output improves

A survey of more than 500 firms by the Engineering Employers Federation and BDO, the accountants, showed there has been better-than-expected improvement in output and orders during the past few months.
Lee Hopley, EEF chief economist, said: "Clearly, more companies are becoming more confident about their prospects and we're beginning to see the real benefits of an export-led recovery."
Electronics was one of the strongest performing sectors and the motor industry also saw an increase in output following the introduction of the car-scrappage scheme.