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Business Trends Survey 2013q3

Business Trends Survey 2013q3. OVERVIEW. Output and order balances rebound strongly, exceeding last quarter’s expectations and reaching strong balances last seen in 2010 and 2011. Gains are broad-based with all manufacturing sectors looking positive.

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Business Trends Survey 2013q3

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  1. Business Trends Survey 2013q3

  2. OVERVIEW • Output and order balances rebound strongly, exceeding last quarter’s expectations and reaching strong balances last seen in 2010 and 2011. • Gains are broad-based with all manufacturing sectors looking positive. • Domestic markets leading rebound in orders. • Investment intentions amongst the highest seen in this survey as smaller firms plan to increase investment. • Recruitment activity holds steady, buoyed by SME employment. • Prices remain largely stable, but margins balances pick up further. • A positive run of data over the quarter, including growth in manufacturing output in Q2, has led to an upward revision in our 2013 forecasts.

  3. Output and orders back to 2010 level,% balance of change in past three months Source: EEF Business Trends Survey

  4. Domestic orders more positive than export orders,% balance of change in orders in past three months Source: EEF Business Trends Survey

  5. Gains made in most sectors relative to past trend,% balance of change in output Source: EEF Business Trends Survey

  6. Employment balances hold steady,% balance of change in employment in past three months Source: EEF Business Trends Survey

  7. Investment plans bounce back,% balance of change in investment plans Source: EEF Business Trends Survey

  8. Prices are broadly stable,% balance of change in prices in past three months Source: EEF Business Trends Survey

  9. But margins squeeze eases further,% balance of change in prices in past three months Source: EEF Business Trends Survey

  10. Confidence continues for the quarter ahead,% balance of change expected in next three months Source: EEF Business Trends Survey

  11. Growth forecasts for 2013 and 2014 revised up,% annual change in output Source: EEF

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