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UK factories support economy as exports start growing

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Britain’s manufacturers are undergoing a substantial recovery as exports and domestic orders surge, raising hopes that the industry will support the wider economy.

The weak pound should support exports but official data has shown little sign of this effect.

However the British Chambers of Commerce’s quarterly survey of its members now shows burgeoning growth in manufacturing exports.

The services sector, which accounts for most of the economy, is performing more steadily, however.

The positive figures come against a backdrop of slowing economic growth and the BCC’s director general urged the Chancellor to find ways to boost the UK’s long-term potential in his Budget next month.

“The Chancellor’s Autumn Budget is a critical opportunity to demonstrate that the Government stands ready to incentivise investment and support growth here at home,” said Adam Marshall.

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