The UK manufacturing industry has seen output surge three times faster than orders in the last quarter.
Business confidence indicators are also starting to show the first signs of a more stable economic backdrop after years of global and domestic uncertainty.
The findings come in the Q4 Manufacturing Outlook survey published today by Make UK and business advisory firm BDO. According to Make UK, it is extremely rare for output to surge faster than orders to this degree. The last time was when companies were stockpiling ahead of a potential ‘no deal’ scenario at the end of 2019.
Likewise Group PLC (LON:LIKE) is a distributor of floorcoverings and matting and has the opportunity to consolidate the domestic and commercial floorcovering markets to become one of the UK’s largest distributors in this sector.
