Industry News

Solving the productivity puzzle

SME manufacturers in the UK appear to be getting to grips with the ‘productivity puzzle’ according to a new report. More than half (52%) of the 270 SMEs questioned in the National Manufacturing Barometer say they have increased productivity over the past six months, with 68% expecting another performance boost between now and the
end of the year.

The survey, conducted by SWMAS Group (part of the Exelin Group) in partnership with Economic Growth Solutions (EGS), also revealed renewed optimism among firms, with 61% recording an increase in turnover; 4% up on the previous quarter and 13% up on the same period last year. There was also a 7% rise in the number of manufacturers that have recruited (44%), while investment in machinery and new technology has remained the same.

For further information www.swmas.co.uk/knowledge/manufacturing-barometer

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