The UK market will be heavily dependent on the manufacturing sector to drive economic recovery, an expert has claimed.
The UK market will be heavily dependent on the manufacturing sector to drive economic recovery, an expert has claimed.
Adam Buckley, head of programmes for the Manufacturing Institute, has highlighted the central role that the industry will have in returning the country to “health”.
The area where it will have an affect is on improving the balance of trade through export, hedge funds may be interested to discover.
He stated: “It is vital that the incoming government gets behind the sector and provides consistent and strong support to this rebalancing of the economy.”
Mr Buckley called for the incoming government to help champion industrial activism and to focus closely on this sector.
His comments followed the release of this month’s Purchasing Managers’ Index, which shows that Britain has matched last month’s figures and remains at its highest level in 15 years.
Manufacturing production rose for the ninth consecutive month, with the rate of growth at its fastest since September 1996.
