Positive outlook for Scottish manufacturing

Positive outlook for Scottish manufacturing

The latest Quarterly Economic Survey by the Scottish Chambers of Commerce shows a rosy outlook for Scottish manufacturing.

The construction and manufacturing sectors both reported strong results in Q4, indicating continued growth following positive results in Q3 2015.

The findings showed an increase in sales revenue among manufacturers in quarter four, marking the fifth consecutive quarter it has been in positive territory.

Both revenues and orders remained strong and this trend is expected to continue throughout 2016 with 41.2% of firms expecting sales to increase in quarter one.

Liz Cameron OBE, director and chief executive of Scottish Chambers, said: “Despite a slowdown in exports, there remain some grounds for optimism for Scotland’s manufacturers, many of which recorded a broadly positive end to 2015.”

Employment levels are expected to be maintained or increased in Q1 2016 with 56% of businesses expecting no change and 34% anticipating an increase.

477 firms responded to the survey which is owned and produced by the Scottish Chambers of Commerce in collaboration with the University of Strathclyde.