Construction and manufacturing industries enjoy growth
Britain’s manufacturing and construction sectors ended 2016 on a positive note, as reports from the Purchasing Managers’ Index (PMI) in December showed growth for both industries. The PMI calculates economic health and reviews five major areas: new orders, inventory levels, production, supplier deliveries and the employment environment.
The construction PMI rose to 54.2 in December from 52.8 in November, which signals it is expanding at its fastest pace in 9 months (any figure over 50 indicates expansion). The manufacturing PMI posted 56.1 in December, hitting a two and a half year high.
These reports buck fears over the predicted downturn in the UK’s construction industry on the back of uncertainty surrounding Brexit negotiations. In fact, the weak pound is encouraging overseas orders and boosting growth.
UK manufacturing continues to fly the flag for quality, precision, innovation and performance and will continue to strengthen into 2017 – something we champion here at Bailey. Our team of experts are looking forward to working with customers on stunning and high performance projects across the UK, Europe and beyond.
Our extensive range of quality roofing, cladding and eaves systems can be ordered in standard or bespoke designs, giving you a personalised approach to each project. Achieve your vision in 2017 and get in touch today.