Export, Export and keep Exporting!!

Manufacturing employment agencies would have been happy to hear that the Manufacturing sector is enjoying a strong recovery from one of the worst recessions.

Figures published by the Chartered Institute for Purchasing and Supply (CIPS) showed that it’s purchasing managers’ index for May was 58 (anything over 50 represents growth). This means it has held its 15 month high figure and also when this figure is compared to February last year, when it showed 35.2, it shows the growth that has occurred over the past 15 months.

This increase is largely due to the fact that we have had a sharp reduction in interest rates and the weakening of the pound. The slight concern of all this is that the Eurozone which are where we are mainly exporting to, are now beginning to suffer as well, with the weakening of the Euro. This could then have ramifications on our export business. Therefore we do have to take all this good news in this sector with a bit of caution and hope that the rise does continue and for recruitment agencies the need for more staff continues as well.

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