Just as many people are starting to feel a little gloomy with the clocks about to go back, it was great to hear some good business news this week with the publication of the Purchase Managers Index (PMI) showing a surge in growth for the UK’s manufacturing sector in September.
The report shows that the industry is growing at its fastest level since June 2014, with a rise to 55.4 points, well above the 50-point threshold that indicates growth. This rise shows a major rebound in the sector from a 41-month low of 48.3 points in July, following the EU referendum. The rise is contrary to the expectations of many pundits, who expected the weak pound to have a negative effect on manufacturing. However, the low exchange rate has been good news for exporters who have seen orders from overseas customers in areas such as Asia, Europe, and the US.
This comes hard on the heels of positive news for the service sector, which also rallied in August.
The PMI report, which is compiled by research company IHS/Market says, ‘The recent rebound in the manufacturing sector encouraged companies to take on additional staff during September. Employment rose for the second straight month, after declining throughout the earlier part of the year. Job creation was linked to increased capacity requirements, new order growth and the launch of new product lines.’
Of course, whilst this uplift is great news for local manufacturers, it does mean that attracting the right people with the skills to meet demand can be challenging. This is particularly true in Hampshire, Surrey and Berkshire where staff with key manufacturing experience can be hard to source. Richard Pond, Production Manager at process control and monitoring manufacturer Kinetrol in Surrey, commented on the report, saying:
“In today’s global economy, susceptible to so many major political and social influences, it’s hard for manufacturing companies to meet a constantly fluctuating customer demand, whilst maintaining quality and increasing capacity in a cost effective way. At Kinetrol, we have found that success is largely down to having the right people in the right jobs: Priority Appointments have been a reliable and important partner to us over the last six years, consistently able to quickly supply quality candidates to match job specifications over a wide range of skill sets”.
At Priority Appointments, our specialist teams of industrial and commercial consultants specialise in sourcing permanent, temporary and contract staff for the manufacturing and logistics sectors. We have the connections to find temps and permanent staff with the right skills to help your business capitalise on the growth trend, from forklift drivers and fabricators, through to supervisors, office staff and managers.
Call Katie Jansz on +44 (0) 1256 334575 today to find out how we can help you source people with experience in the manufacturing sector to help your business grow.