The UK manufacturing sector is struggling under the weight of a strong pound as the leaner service sector continues to paint a rosy picture of the economy. <\/p>\n
Either way for companies involved in warehousing the prospects are good if consumer spending continues to rise with more space needed to store all those purchases. <\/p>\n
For manufacturing however the prospects don\u2019t look as good while the EU struggles nd its currency continues to fall in value against others including the pound. Despite this manufacturing growth did manage to pick up in July even if orders actually grew at their slowest pace in 12 months and the pace of new orders slowed to levels last seen in September 2014. <\/p>\n
The government will of course be keen to point to another strong year for the UK economy even if its promises to get Britain making and exporting things again has conveniently been put on the back burner for now. <\/p>\n
There is also now a problem for the Bank of England. Do they raise interest rates or keep them s they are to avoid a further strengthening of GBP? Exporters to European markets will be watching this with interest in the coming months. <\/p>\n","protected":false},"excerpt":{"rendered":"
The UK manufacturing sector is struggling under the weight of a strong pound as the leaner service sector continues to paint a rosy picture of the economy. Either way for companies involved in warehousing the prospects are good if consumer spending continues to rise with more space needed to store all those purchases. For manufacturing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,22],"tags":[23,3],"class_list":["post-89","post","type-post","status-publish","format-standard","hentry","category-millennium-storage-and-interiors","category-uk-manufacturing","tag-manufacturing","tag-millennium-si","post-preview"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t