Manufacturers predict growth in the future

Jacquie Shaw of the NMRN

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THE manufacturing industry in the south east and London is predicting growth in the next six months.

The latest Manufacturing Advisory Service (MAS) Barometer survey has found that 69 per cent of firms in the region are predicting expansion.

In addition, 42 per cent expect growth in staff numbers over the next six months, an increase of four per cent from the last quarter.

In Hampshire, spill control specialists Lubetech is expecting its growth to increase dramatically.

Simon Evans, from the Hedge End-based firm, said: ‘We are buoyant about future growth both for us and the industries we serve.’

MAS is funded by the Department of Business, Innovation and Skills.

Regional MAS advisor, Richard Teal, said: ‘It’s encouraging to see our region’s manufacturers are pushing forward with plans to develop products and markets. Manufacturing still matters in London and the south east, and long may it continue.’