Optimism ahead

A survey published today by the Chartered Management Institute reveals that managers in the engineering sector believe 2007 will be a successful year for business. Their optimism comes despite an increase in the proportion of business leaders predicting rising business costs.

The survey shows that 85 per cent of senior executives in the engineering sector are confident about the year ahead. Asked specifically about business prospects for their organisation over the next twelve months, nearly half gave an upbeat forecast. Forty five per cent also claimed they are very optimistic.

Looking at the likely economic performance of the UK, managers in the sector are predicting that employment will remain at current levels, with 49 per cent suggesting there will be no significant change. However, across the UK, respondents in Wales expressed confidence that new jobs will be created, with 35 per cent indicating the belief that job opportunities will increase during the next 12 months.