Sector in positive mood
Engineering exports and staff levels in robust shape
Paul Sheerin: ‘continuous improvement’ (photo by Terry Murden)
Exports and staffing levels in Scotland’s engineering industry remain in robust shape, according to the latest review by the sector’s trade body.
Across most disciplines within the sector, UK and export order levels have remained positive, output volume has improved and staffing levels have picked up again after falling back slightly in the first quarter, says Scottish Engineering.
Paul Sheerin, chief executive, who is firmly opposed to Britain leaving the EU, said: “No matter what self-inflicted wounds we bring upon ourselves, the world economy appears to currently be on an upward trend, and while that impact is diluted more than we would like, that effect is still there.”
Optimism levels have been positive for six consecutive positive quarters while pans for both capital and training investment have also increased over the previous quarter.
Mr Sheerin added: “I am also heartened by the fact that we are seeing some positive signs from the oil and gas industry, with a cautious optimism apparent.
“We see companies traditionally serving that industry are successfully applying twin strategies of diversification and ongoing focus on a continuous improvement path.”
Looking ahead to the next three months, the forecasts for the engineering industry are largely positive. UK orders and exports are both looking to hold up as are employee numbers.