Expectations of sales growth in the precision engineering industry are at record high levels, according to Columbia Metals’ Q4 2017 survey of market conditions in the sector.
A majority of industry participants foresee an increase in sales, buoyed by the competitiveness of UK products in light of the weaker pound.
“A weaker currency and global growth have been a twin stimulus to the UK’s precision engineers,” says David Stephenson, Managing Director of Columbia Metals. “Levels of optimism are now at record highs as exports continue to be competitive. The growing confidence in the market is an encouraging sign of how the quality of UK products is regarded overseas.”
Columbia Metals contacted precision engineering companies in January 2018 in the oil & gas, aerospace and marine industries.