UK MANUFACTURERS are strongly optimistic about sales and profitability levels in the year ahead and are spending more than ever before on IT equipment to meet the challenges of e-business, according to a major annual survey.
Management consultant Bourton Group found industry in an upbeat mood despite the strong pound, skill shortages and cost pressures when it quizzed 300 business leaders to compile its index of trends and attitudes in manufacturing.
For the first time in the 12-year history of the survey, IT investment matched that on plant and equipment over the last year.
Bourton’s managing partner James Bentley said: `Millennium compliance spending has been replaced by rampant e-spend.’
According to the Bourton Index, over 25% of companies expect a major turnover increase in 2000, up from 20% last year, and 65% expect increased profits.
The companies classified as `world class’ by Bourton are among the most optimistic, with 44% anticipating major sales growth, and 33% significant profit increases.
The Bourton Index 2000, £50, from: email@example.com
Copyright: Centaur Communications Ltd. and licensors