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Manufacturers are looking to invest in plant and machinery.

Manufacturers are looking to invest in plant and machinery.

SME manufacturers looking to invest in 2017

Posted: 5th February 2017

Smaller manufacturers plan to boost investment this year as total orders and volume of output increased in the three months to January, the latest CBI SME Trends Survey has revealed.

Looking forward, domestic and export orders are both expected to grow more strongly in the next quarter, with production set to rise again, the survey of 335 small and medium sized businesses suggests.

Companies planning to invest on buildings for the year ahead rose to record levels while those looking to invest in plant and machinery also strengthened further.

Stephen Gifford, CBI director of economics, said: "As the recovery takes hold, the investment cycle is starting to turn.

"It's encouraging to see smaller manufacturers planning to boost investment, particularly in their plant, machinery and buildings.

"Orders and output continued to grow at a healthy pace, although not as fast as predicted. However, firms remain optimistic about prospects, with growth in orders and production expected to accelerate."

Key findings of the survey


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