The UK manufacturing industry is seeing a continued rebound in activity in the second quarter of the year, easing fears of a significant recession for the sector.
This is according to a survey published today by Make UK and accountancy and business advisory firm BDO.
The findings in the Make UK/BDO Q2 Manufacturing Outlook survey show a continued positive picture with the improvement being driven by strong demand in the Other Transport and Electronic sectors in particular, with the balance of output in Other Transport (largely aerospace) extremely strong at +82%.
According to Make UK and BDO, this reflects continued recovery in the aerospace sector with the increase in passenger miles, together with a spate of large orders for new aircraft over the last year. Furthermore, strong balances for electronics are becoming embedded as companies invest in digitalisation and extra capacity to counter labour shortages.
Accrol Group Holdings plc (LON:ACRL) is the UK’s leading independent tissue converter, producing toilet tissue, kitchen towel, facial tissue and biodegradable wet wipes. The UK soft tissue market is worth £1.6bn with private label products comprising circa 50%. Accrol is the leading supplier to the private label market, which is growing at over 8% year on year.