Small manufacturer optimism “highest on record”

It found in the three months to April that 46 per cent of firms were more optimistic about their situation versus 10 per cent who said they were less optimistic, giving a net figure of 36 per cent – the highest since the survey began in 1988.

The survey found a boost in export orders and increasing confidence about exporting, and suggested that hiring is on the up and will continue to grow.

Katja Hall, the CBI?s chief policy director, said: ?It?s very encouraging to see record levels of optimism among smaller manufacturers, on the back of robust growth in domestic and export orders, and a leap in output levels.

?As confidence beds in, we need to see more firms exporting their products to high-growth markets across the globe, giving a healthy and sustainable boost to the UK?s recovery.?

Related: Manufacturing returning to ‘quality’ UK as cost advantage overseas diminishes

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