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Economics, government & businessBusiness performanceYardstick Update

Massive boost to confidence in manufacturing

by Personnel Today 7 Mar 2006
by Personnel Today 7 Mar 2006

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.

businessconfid.gif

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.

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


 

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Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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