British Industrial Truck Association
Modest but pleasing recovery from the depths of 2009
Secretary General of BITA (right), reviews how BITA’s engagement with key industry issues will affect lift truck manufacturers and users over the next 12 months.
W
The headline for my article in last year’s HSD Guide, ‘BITA holds faith for happier times’, reflected everyone’s optimism that by now, the economic situation would have stabilised.
At the time of writing this year, the verdict is still mixed. On the one hand we have the Office of NationaI Statistics telling us that the British economy grew more strongly in the second quarter of 2010 than at any time since 2001. On the other hand we have the Markit PMI Output Index indicating that the second-quarter GDP surge could be a zenith in the recovery cycle, rather than the foothill of a higher peak— for now at least.
hen the materials handling market gets tough, the British Industrial Truck Association (BITA) helps its member companies keep going. James Clark,
Some commentators believe this is the natural consequence of inventory rebuilding ending before a recovery in consumption comes through. I, however, draw reassurance from the evidence of our official BITA UK lift-truck sales statistics, which showed that over the first 6 months of 2010, annualised orders grew by 10%.
From a market low in December 2009, at which point order intake for forklift trucks was 45% lower than the peak business levels
enjoyed during 2007, we have seen a pleasing if modest recovery with two consecutive quarters in which order levels have increased. In the year to the end of June 2010, orders for 19,400 new forklifts were placed with BITA members, a ten percent increase since the end of 2009.
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