CBI survey reveals conditions are improving

| May 4, 2010 | 0 Comments

A quarterly survey by the Confederation of British Industry (CBI) has revealed a pick up in export growth due to a weak pound.

Small and medium sized businesses in the UK noted that conditions were improving in demand and production of goods.

The CBI said more than one third of 402 manufacturing firms reported an increase in orders for their products in the first quarter of the year, while 26% reported a fall.

The resulting balance of +10 per cent marked the first growth since January 2008.

Russel Griggs from the CBI comments: “With demand expected to grow in the coming months, manufacturers are thinking about taking on extra staff over the next three months.”

However, access to credit remained a problem for several companies, according to the CBI.

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