A survey of 400 companies by the EEF, the manufacturers’ organisation, and global law firm DLA Piper has shown British manufacturers had a good start to the year, with export orders on the increase.
The data suggests the positive trend of output expansion across manufacturing for the past eight quarters will continue in the first half of 2015. However, the drop in the price of oil has had some negative consequences for manufacturers in the oil and gas supply chain, with some investments in the North Sea postponed or cancelled.
The affected sectors include basic metals, metal products and mechanical equipment, each of which have reported falling UK orders over the past three months.
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