Britain’s manufacturers have seen output surge by three times faster than orders in the last quarter, to +10% from a negative balance in Q3 of -3%. Such an increase is an extremely rare occurrence and potentially a sign of companies re-stocking ahead of next year.
The findings come from this quarter’s Manufacturing Outlook survey in partnership with business advisory firm BDO. Early signs in business confidence indicators show a more stable economic scenario is starting to appear after the global uncertainty and domestic political chaos of the last few years.
The survey shows that export orders surpassed domestic orders for the first time in four years suggesting that firms are taking advantage of either faster-growing or new markets, in contrast to the anaemic UK economy.
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.
