Survey reveals engineering optimism

Despite concerns about the UK economy, the majority of engineers remain positive that their businesses will continue their recent growth and output levels.

New research from Fascia Graphics reveals that despite the growing concerns around the credit crunch and its effect on the UK economy, the majority of engineers (85%) remain positive that their businesses will continue their recent growth and output levels.

Furthermore, more than half (56%) stated that "more competitive pricing" will be the key driver in ensuring that the UK manufacturing industry sustains stronger levels of growth.

The Fascia Graphics research across 50 engineers working in the fire, safety, medical, catering and electronics sectors also found that three quarters (77%) of engineers feel that the UK manufacturing industry will weather rising costs and financial turmoil.

The research also found that: nearly half (40%) felt that the UK manufacturing sector is growing faster than France and Germany (whose markets have contracted recently) because of the UK's "reputation for quality" and its "ability to be more competitive"; and the majority (83%) of engineers haven't considered sourcing graphic overlays and membrane keypads from overseas, preferring to trust UK manufacturing.

According to Paul Bennett, Founder and Managing Director of Fascia Graphics: "Our research demonstrates that despite the financial turmoil in the money markets, engineers are confident that UK manufacturing output can continue to grow".

"There are going to be a number of key challenges for the sector over the next 12 months, but as long as we continue to remain competitive with our pricing without sacrificing our reputation for quality and customer service, we will continue to have the edge on our competition".

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