A new survey suggests that while manufacturers feel that more could be invested in the industrial automation sector, general optimism is positive, reports drives.co.uk.
A new report produced for Siemens Industry called Industry Pulse - Challenges and Outlook for Manufacturing found that exactly half of manufacturers are optimistic about their performance in the coming months, while 34 per cent remained neutral.
Furthermore, 41 per cent of those surveyed claimed they are planning to increase their investment levels in the year ahead while 52 per cent remain non-plussed about a reversal in economic growth.
The balancing of the manufacturing industry is taking place within the UK rather than internationally, adds the report, as 69 per cent of manufacturers say their order volumes have been driven by domestic rather than overseas demand.
Juergen Maier, managing director at Siemens Industry UK, commented on the figures to plantengineer.org.uk: "UK manufacturing placing itself in the top three globally for innovation shows the commitment and pride of UK manufacturers - which is great. There are strong levels of optimism too, especially among smaller firms and those in the domestic supply chain.
"We need to better understand that, as a sector, investment in modern and sustainable production technologies makes an important contribution to energy savings and improved productivity," he added.
Author: Ashley Curtis
Date: 29th June 2012