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Manufacturers confident of improving productivity

A survey by industry body EEF has found that the improving economic climate has prompted 95% of manufacturers to invest to improve productivity in their companies. The research suggests that investment in machinery and equipment is growing, though there's a switch to 'intangibles' such as spending on training, recruitment, R&D, software and marketing. Of the investment being made, 72% of manufacturers are trying to secure growth or replace ageing machinery, while 68% are supporting exports. In all, 71% are investing 25% more than they were a year ago.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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