The latest data from the Confederation of British Industry (CBI) reveals that the number of export orders recorded among UK-based manufacturers in the quarter to June 2017 hit a 20-year high.
The data suggests that British manufacturers are thriving and seeing increased sales success on an international basis.
During the period studied, the number of overall orders recorded also hit record highs, with 25 per cent of UK-based manufacturers reporting that orders had risen over the previous quarter.
In comparison, only 12 per cent of survey respondents said that overall orders had fallen quarter-on-quarter.
Rain Newton-Smith, chief economist at the CBI, said: “Britain’s manufacturers are continuing to see demand for ‘Made in Britain’ goods rise with the temperature.
“Total and export order books are at highs not seen for decades, and output growth remains robust.”
He added that the existing low value of sterling had led to a surge in export orders in recent months, but that fluctuating currency had also pushed up import costs for British-based businesses.
He warned that “sharp” import cost rises were likely to continue throughout Brexit negotiations.
