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.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Phone

This field is for validation purposes and should be left unchanged.

Δ

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