Manufacturing businesses in the UK experienced the highest level of turnover during the third quarter (Q3) of 2012, according to an economic study by Bibby Financial Services.
The Business Factors Index, produced each quarter, tracks the turnover performance of Bibby Financial Services’ client base of 4,000 against a base point of 100.
For Q3, the manufacturing sector of the client base is not only at its highest ever level of 129.6 but has also seen three consecutive quarters of growth during 2012 — 5.5 per cent up on Q2 and 13.4 per cent higher than Q1.
The index also highlights that manufacturing clients are out in front of other sectors, including construction, wholesale, transport and business services, despite positive performances being seen across the entire client base.
Running alongside the Business Factors Index, Bibby Financial Services also surveyed a sample of 450 businesses about their performance and prospects for future growth.
In contrast, significant numbers of business owners reported less encouraging activity for the same period, with the level of orders and new customers down on previous quarters.