A survey by the manufacturing representative group Make UK reports some green shoots in the factory sector.
Some of the main findings:
- restocking and export orders picked up
- factories raised output at three times the pace of growth in orders in the final three months of 2023, fastest since late 2019
- share of firms seeing a rise in export orders rather than fall rose to a balance of +10% from -3%
- domestic orders stayed flat
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.