Manufacturers continue to show surprising confidence about employment prospects. A survey by employment agency Manpower of more than 2,000 employers saw 22% predicting a rise in employment prospects and 12% expecting a drop.
Manufacturers’ optimism was greatest, with a balance of 19% expecting to increase their workforce. Electronics leads, followed by automotive, telecoms and general engineering.
Regionally the East Midlands leads on job prospects, with the West of England and the Home Counties also ahead of the national average. The balance of South Wales and Scots employers expect a decline in jobs.
Total turnover in engineering in the three months to October was 0.7% higher than in the previous quarter, say the latest official figures. Export turnover rose by 1.5%, with home turnover flat. Total turnover was up 4.2% on the same period a year before. It should be noted that there was an overall rise in GDP of 4%.
Machinery and equipment engineering turnover was down 1.3% on the quarter but just up on a year previously. Electrical and optical equipment showed a 6.1% increase over the year. Export orders in both sectors were down on the year.