According to the latest CBI monthly Industrial Trends Survey, 505 firms found that export order books reached a two-year high, suggesting that the depreciation of sterling since the end of last year may be feeding through to stronger overseas demand. The survey found that despite the


UK MANUFACTURING OUTPUT GROWS, WITH EXPORT ORDERS REACHING A TWO-YEAR HIGH giving a balance of -5%


and some signs that the fall in sterling is helping to bolster export orders. But the pound’s weakness is a double-edged sword, as it benefits exporters but also pushes up costs and prices... “The most significant effects of the vote


improvement in exports, total order books were largely unchanged but remained comfortably above the long–run average. Output growth remained at a healthy pace, although a little weaker than in the three months to July. Anna Leach, CBI head of economic analysis and surveys, said: “It’s good to see manufacturing output growth coming in stronger than expected,


to leave the EU will flow over the medium to long-term. Therefore firms need to see ambitious decisions in the Autumn Statement that will secure the UK’s economic future as changes to trade, regulation and access to skills loom on the horizon.” The survey found that:


· 19% of businesses reported total orders to be above normal (compared with 18% in July), and 24% said orders were below normal,


TSUBAKI TO OPEN NEW TIMING CHAIN MANUFACTURING PLANT IN CZECH REPUBLIC


Tsubakimoto is to open Tsubaki Automotive Czech Republic, which will manufacture and assemble timing chain drive systems and associated products for leading car manufacturers across Europe. “Building on our success in the


United Kingdom, we are very excited about this new development,” said Bart Mellink, managing director, Tsubakimoto UK. “The new


company will be recruiting 20 key staff in the summer of 2016. To achieve production continuity, they will all undergo training at the UK production site early next year. “A cross-functional team from


Japan and the UK will lead the operation in Kolin in the initial period of 12 months.”


tsubaki.eu


· 21% of businesses reported export orders to be above normal and 27% below, resulting in a balance of -6%, the highest since August 2014 (-3%) · 34% of businesses reported a rise in output volumes, and 23% a fall, giving a rounded balance of +11%, down from +16% last month, but better than expected (+6%)


· Output growth is expected to remain steady over the next three months, with 30% of companies expecting a rise and 19% expecting a fall, leaving a balance of +11%


· Average prices are expected to increase over the next quarter.


www.cbi.org.uk AERCO CELEBRATES ITS 60TH ANNIVERSARY


Founded by Bill Laughton in September 1956, Aerco – Aviation Electrical and Radio Company – is celebrating its 60th anniversary this month. The company has seen impressive growth over the past decade, due to a combination of organic growth and the acquisition of companies like Spartan Europe in 2008 and Electro Cables in 2015. Still family-owned, it is now an SME with a turnover of just over £13 million. Aerco’s basic principals are to form strong working partnerships with both suppliers and customers while continuing to invest in long-term price agreements and call-off orders. These, backed up by a large stock holding of top quality products and high customer service levels, will be the keys to continued success, the company explains. www.aerco.co.uk


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