Massive boost to confidence in manufacturing

Business confidence in the manufacturing and services sector has risen by more than 60% in comparison to last summer, according to the latest Recruitment Confidence Index (RCI) produced by Cranfield School of Management, in association with the Daily Telegraph and Personnel Today.

The quarterly survey of more than 1,000 companies revealed that confidence levels in both sectors reached their highest peaks in more than two years.

Organisations in the manufacturing industry were 10% more optimistic than the previous quarter (66% compared to 56% in autumn 2005), continuing the massive upward trend that began at the end of last summer. Business confidence in the service sector was also 18% higher than the last quarter at 60% compared to 42% last autumn.

The results indicate that, overall, respondents are much more optimistic, with only 24% of respondents believing that things would not change one way or another.

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For more on recruitment activity in the manufacturing sector, go to www.personneltoday.com/34523.article