A major new survey reveals that output volumes and orders are improving at UK manufacturers, while investment intentions are significantly better than the previous quarter. According to the latest survey published by Make UK and business advisory firm BDO, Britain’s manufacturers are beginning to move through the gears as growth prospects become more positive for the rest of 2021.

While investment intentions remain negative, they are significantly up on the past few quarters, and Make UK hopes that the Budget announcement of a ‘super deduction’ tax break will provide a boost. In addition to upgrading its forecast for manufacturing, Make UK has slightly upgraded its GDP forecast for 2021 to 5.5%, from 5.4%. The survey of 314 companies took place between 27 January and 17 February.

The report is available at https://is.gd/nimova