A sense of stability has returned to the UK’s precision engineering industry, according to Columbia Metals’ Q3 2017 survey of market conditions in the sector.
The survey reveals that precision engineers are particularly optimistic about an increase in staffing levels over the next year.
“The negativity in the immediate aftermath of the UK’s general election result in June has receded to some extent,” says David Stephenson, Managing Director of Columbia Metals. “Precision engineers have a slightly more optimistic view of sales and staffing levels over the next 12 months. Pricing concerns are becoming more apparent as commodity prices have ticked up over the last quarter, even if precision engineers do not expect competition to intensify to any great extent.”
Columbia Metals contacted precision engineering companies in September 2017 in the oil & gas, aerospace, motorsport and marine industries.