The vast majority of manufacturers in the West Midlands are projecting growing sales, according to new research.
Respondents to the latest Manufacturing Advisory Service (MAS) Barometer predicted a 94 per cent rise in collective turnover and expected staffing levels to increase by 32 per cent over the next four years.
Lorraine Holmes, area director at MAS, said that could equate to thousands of new jobs across the SME manufacturing base.
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She said: “There is significant confidence in the domestic marketplace at the moment, a further signal that the recovery has taken hold.
“We’ve seen unrivalled investment in the 海角视频 automotive industry and that is cascading down the supply chain and creating new opportunities. Our reputation for low carbon advancement should also be another growth sector and I’m sure our manufacturing SMEs will be in line to take advantage of major infrastructure projects, such as high speed rail.”
A total of 78 per cent of companies questioned said increasing sales at home offered them the best chance to expand. This was followed by new product development, improving production processes and export performance.