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On 1 September 2016 Withy King LLP merged with Royds LLP. The trading name for the merged firm is Royds Withy King. All content produced prior to this date will remain in the name of the firms pre-merger.

16 February 2015 0 Comments
Posted in Corporate & Commercial, Opinion

Manufacturing figures “may be enough to allay fears over slowdown of economy”

Posted by , Partner

Britain’s manufacturing sector expanded faster than expected last month, bolstered by improved order books and increased market confidence, according to a survey.

Following a slow end to 2014, The Chartered Institute of Procurement & Supply’s index increased to 53, where a figure above 50 marks growth. UK firms were helped by higher demand from a range of countries including France, Germany, Japan, the Middle East and the US.

Manufacturers grew output for the 23rd month running in January while the industry hired more staff for the 21st month in a row. Cips chief executive David Noble said the modest acceleration among manufacturers “may be enough to allay fears of an overall slowdown in the UK economy”.

Recent figures showed the UK economy overall expanding 0.5 per cent in the final quarter of 2014, the slowest rate for a year. It is therefore hoped that the above January figures signals an upturn in economic activity. The brighter picture at home can be contrasted with China, whose factories saw shrinking activity for the second month and with figures from across Europe, where manufacturing growth is sluggish.

At Royds we advice businesses which are seeking to export their goods and service abroad. This ranges from the corporate set up which businesses may adopt when exporting and the contracts they should use.

For more information about the services we provide please visit our website or contact John North or Claus Andersen on 020 7583 2222.

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