Motor vehicles and transport equipment have been key contributors in driving record levels of manufacturing output in Q2, according to the latest monthly CBI Industrial Trends Survey.
The survey of 304 manufacturing businesses reported that UK manufacturing output volumes in the three months to June grew at the fastest pace on record since 1975.
Output increased in 15 out of 17 subsectors with growth driven by the motor vehicles & transport equipment and food, drink & tobacco sub-sectors.
“It is hugely reassuring to see the manufacturing sector performing well after a particularly difficult start to the year. There is a real sense of optimism from many in the sector that there are good times ahead” said Tom Crotty, Group Director at INEOS and Chair of the CBI Manufacturing Council.
He goes on to say: “However, the picture is not all rosy, with firms continuing to face difficulties arising from supply chain disruption and cost pressures. Staff shortages are also causing issues for many manufacturing businesses across the country. It will be critical for the government to continue to work with manufacturers to address these issues if the sector’s robust performance is to last.”
The optimism for the future coupled with an air of concern about the supply chain echoes the findings of the recent BVRLA Business Impact Survey: Vehicle supply issues risk recovery, says fleet industry.
