Engineering Industry sees Increased Growth
It has recently been reported that the engineering industry in the UK is showing clear signs of recovery from the poor financial climate of the last few years. Production rates within Scotland in particular are at their highest levels since 2011, with 45% of companies reporting an increase in orders. The Scottish Engineering quarterly review has also predicted further positive growth for the next three months, as well as an increase in overall employee numbers.
This prediction is mirrored in the equivalent predictions for England, and the UK as a whole, with related industries such as construction reporting even greater increases in trade. The Markit/CIPS purchasing managers’ index (PMI) which measures industry growth in the UK, gave the construction industry a rating of 59.1, which represents its strongest rate of growth on the previous month, since 2007. This news is welcomed here at Motion Drives & Controls Ltd. As suppliers of the engineering industry, our trade is heavily influenced by the successes of the wider engineering industry.
The positive outlook for the engineering industry allows us to continue distributing drives and transmission equipment of the highest quality with the latest innovations, allowing our clients to enjoy significantly increased productivity from reliable brands such as Boschert.
Our business works because the benefits of investing in equipment of the highest quality are evident in the considerably reduced maintenance costs, as opposed to the less reputable brands that we do not stock under any circumstances.
This attention to detail and efficiency is what allows the British engineering industry to remain successful in the fiercely competitive market, where prices are driven down by low quality production particularly in China. The services we offer, such as overnight stock delivery, onsite assistance and continual product support, are absolutely vital within the web processing industry, and our belief that quality cannot be compromised is proving to be a solid formula in a competitively expanding market.