With economic gloom descending on many sectors of the UK economy, a new report suggests that manufacturers who are innovative, efficient, and export effectively are outperforming the rest of the economy to weather the worsening economic situation.
The “Modern Manufacturing – The High Performers” report highlights the top 20 high performance sectors within UK manufacturing. And the message is that those companies who treat globalization as an opportunity, who innovate and use technology to their advantage, are the ones who are thriving. Nine sectors have outperformed the manufacturing average over the last five years, together accounting for almost 60 percent of UK manufacturing output.
Especially strong growth can be seen in transport equipment, mechanical equipment, medical and precision instruments, non metallic equipment and recycling, which have all expanded at a rate of between four and 10 times the average.
Source: nebusiness.co.uk
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