The number of manufacturing jobs in the UK continued to grow in February, with confidence rising among employers thanks to a rise in demand for their products.
According to the most recent IHS Markit Manufacturing PMI, manufacturing production increased at its slowest rate in 11 months, with decelerations seen across consumer, intermediate and investment goods sectors. But despite this, sentiment towards the future of the industry remained positive overall.
Although the rate of growth of output may have slowed, levels of demand strengthened both domestically and internationally, with new orders rising at a faster pace than they did at the start of the year.
And this increase in new orders, combined with expectations of further activity growth later in the year, fueled the industry’s 19th consecutive month of job creation growth.
Employment rose at its second fastest rate since mid-2014, indicating a positive future for UK manufacturing. In fact, 56% of companies forecast that output would be higher within one year’s time (compared to just 6% who expected it to decrease), so employers have been expanding their workforces to reduce backlogs of work in anticipation of even further increases in new orders.
Duncan Brock, Director of Customer Relationships at the Chartered Institute of Procurement & Supply, commented: “The biggest news in February was that despite the limited output, employment levels rose at the second fastest rate since the middle of 2014, fuelled largely by optimism from respondents that things would get better.
“Indeed, the continued rise in export orders and an uplift in new orders from the domestic market provided evidence that the foundations for continued growth were still buoyant.”
If your business is preparing for any large projects, or if you are anticipating an uplift in new orders over the next 12 months, finding the right staff now, and making sure they are trained before workloads increase is crucial.
XCL are a recruitment agency that specialise in finding experienced, qualified candidates for all aspects of the manufacturing and production sector. We develop strong, ongoing relationships with our clients to make sure we fully understand your business and recruitment needs.
If you would like to discuss your recruitment requirements (whether for a vacancy you have right now, or for a project in the future), call XCL on 01484 819900 or send us an email at email@example.com.