When conditions in the manufacturing sector are good, demand for acrylic plastic, nylon plastic and other similar supplies tends to be high. After all, companies need to find enough resources to ensure they are able to meet demand for their goods.
Luckily for firms operating in the sector, it is now simple to access these plastics. By heading online, bosses can take their pick from an impressive selection of materials in the shapes and sizes they require.
If the predictions of one expert prove accurate, demand for engineering plastics will remain high for the foreseeable future.
Writing on The Information Daily, EEF Lee Hopley, chief economist at manufacturers’ organisation the EEF, suggested the sector is on the up. She stated: “In recent months, better news about the state of the sector has been rolling. EEF’s Business Trends survey covering the third quarter of this year reported the strongest set of results for two years. The balance of manufacturers increasing output rose to a three-year high; overseas orders posted a two-year high. Demand in the domestic market is also seeing something of a resurgence.”
She did note that figures released by the Office for National Statistics suggested that the industry hit a “rough patch” at the end of the summer, with output declining by 1.2 per cent month-on-month. Also, trade in the three months to August was “somewhat disappointing”, with goods exports down by one per cent.
However, this does not mean that a recovery in the manufacturing sector is faltering, she claimed.
About this, she remarked: “Manufacturing is an extremely diverse part of our economy – covering everything from food processing and clothing to high-end sports cars and power generation equipment. As such, different parts of industry will be subject to varying drivers of growth, and indeed temporary setbacks, as we saw in August.”
According to Ms Hopley, the recent fall in output was largely due to some big falls in other sectors, including food and drink, pharmaceuticals and electronics.
She added: “Even with a short term setback, there are clearly some important factors at home and abroad that are providing more support for our industrial sector at the moment. Firstly, the outlook in our major European markets has at least stabilised since the start of this year. Activity is picking up not just in the core of Europe, but anecdotal feedback points to more signs of life in periphery economies that have had the biggest economic struggle in the past few years.”
The expert also noted that British manufacturers are working hard to diversify into new export markets and emerging economies in South America and Asia. She pointed out that between 2010 and 2012, UK sales of manufactured goods to China were up by 40 per cent, while those to Russia increased by over 60 per cent. Meanwhile, sales to Brazil and Indonesia were up by a quarter and a half respectively.
The EEF forecasts a positive contribution to growth from manufacturing during the third quarter of this year, she noted.
About the Author – Anna Longdin is a freelance blogger who has written extensively on the subjects of manufacturing and engineering for a selection of sites, including AI International.
How Can Product Owner Develop Stakeholder Management Strategy?
All the organizations require a proper stakeholder management-based strategy so that the goals of the organization can be achieved most...
How To Display A Live Facebook Feed To Your WordPress Website
Around 22% of the global population uses Facebook. Such a large number of user-base suggests that Facebook truly has the...
5 Criteria of the Best WordPress Hosting to Know Before Buying
The best WordPress hosting, how to choose it? For many bloggers and website owners, there must be a question that...
Agile BI – All You Would Like To Know
The name says it all. As we talk about one of the most revolutionary approaches in the world of business...
Feeling Run Down?
We’re currently living through a difficult time for the world. Many of us are forced to remain indoors, working from...
8 Best Ways to Save Money When Shopping
If you want to save money when grocery shopping or each time you make a purchase, then you have to...
7 Travel Mistakes to Avoid
Traveling abroad requires a lot of planning and research to prepare for a trip abroad. Of course, it’s a wonderful...
5 Factors to Consider When Choosing Quality Magento Extensions for Your Online Store
It might seem that picking among three thousand available Magneto extensions is a simple and great way to extend your...
SHOP ELECTRONICS ITIEMS AT HOME COMFORT
Internet shopping can be very common and easily turn out to be a favorite choice for buying, since the items...
6 Simple Ways to Prepare Your Home for House Guests
Whether a family is coming in for the holidays or it is your turn to host this month’s book club...
How to Properly and Efficiently Optimize Your Website for SEO
In today’s crowded online world, a website that’s not optimized for SEO may as well not exist. Unless a customer...
8 Terrible Home Cleaning Mistakes You Might be Making
Knowing how to clean your home correctly is something that nobody teaches you in the formal education system. If you’re...
7 Things You Can Do To Kill Boredom During A Long Flight
Going on a vacation is one refreshing activity and a fun thing to do. Things get a little difficult when...
5 Bathroom Remodeling Tips You Must Know In 2020
The bathroom is one of the most frequently used places in the house. So, it should be most comfortable as...
Data Breaches Can Cost Over $6 Million – Can Hospitals Protect Patient Data?
It’s safe to say at this point that data breaches in the US healthcare system are quite common and are...
- Tech5 years ago
Creating An e-Commerce Website
- Tech5 years ago
Design Template Guidelines For Mobile Apps
- Business4 years ago
The Key Types Of Brochure Printing Services
- Travel8 years ago
Who Else Wants Also Nfl Hat
- General5 years ago
Kobe Bryant With His Unique Nba Jerseys
- Tech5 years ago
Climb Google Using These Checklists
- Tech6 years ago
Why Small Businesses Can't Ignore Mobile Technology
- Health6 years ago
Health Supplements For Sports Activities Nutrition