Confidence in the manufacturing sector is at its highest level since June 2003, with the sector investing for growth on the back of healthy profits and sales, according to illion’s latest Business Expectations Survey. The latest analysis reveals business confidence across all sectors rose 13.7 percent compared to the prior corresponding period, primarily driven by expectations for profits, sales and employment. The Business Expectations index is now at its highest level since late 2015.
“Our Final report for the March quarter of 2018 confirms business confidence is buoyant. Expectations for profits and employment emerged as key drivers early on, but capital investment planning is also showing signs of growth, which is crucial for sustained momentum. The Manufacturing and Construction sectors appear to be in particularly good spirits as we start the year, which is another positive, signalling the underlying strength of the economy.”
Simon Bligh, illion CEO