At the end of May the stock market took another dive. Jittery about European debt and rising tensions in Korea, traders reached for their dark glasses as they added to the gloom. But buried away in the financial pages there was good news too.
Growth for the last quarter has been revised upward. Again the manufacturing sector is leading the way. Don’t just take my word, here are the official statistics www.statistics.gov.uk/pdfdir/oie0510.pdf.
I reported in January that several PR clients had keen interest from overseas. Over the last couple of months I have been picking up more news from clients confirming that manufacturing – and particularly capital investment was on the move.
Long term PR client Street Crane Company have signed new distribution agreements with more than a dozen overseas trade partners over the last six months. Rowe Hankins has signed a significant deal for the manufacture of product under licence in China, to serve the vast and expanding rail market in that country. A new client, Fueltek, is also reporting export interest from as far away as Angola and Australia.
This is not like the 70’s, 80’s or 90’s recessions. Those of us who help promote UK industry and manufacturing know that our clients make products that are genuinely world class and for once the exchange rate seems to be in their favour. Unlike previous recoveries this seems not to be a candy floss, consumer led revival, but one based on a long-overdue rebalancing of the economy.
It is time to tell the story. If you are a manufacturing company with similar success that you wish to communicate to the world, then contact me 01706 221279.