Posted in: Industry News
Perrin & Rowe are pleased to report on one of the strongest months this year, despite reports of a drop of confidence in the UK Manufacturing industry post-Brexit.
The PMI or Purchasing Managers’ Index is an indicator of the economic health of the manufacturing sector, monitored via a survey of approximately 300 companies. In light of the Brexit vote at the end of June, economists and the media have reported on a drop in PMI of some 4 points between June and July. Demonstrating a loss in confidence overall, a number of businesses surveyed have experienced a drop in new orders placed and as a result many have scaled back production.
Here at Perrin & Rowe, we’re pleased that despite this result, we reported the best month of our financial year to date for July – with sales up 11% on target. Just a few days in to August and we can also proudly report on a strong and growing future order book, just proving the demand and confidence in British Manufacturing still exists in our sector.
Every item we produce is comes entirely from our three UK facilities; Wolverhampton, Tamworth and Rainham, and our customers in the UK and across the globe value the superiority and engineering precision of buying British made, quality brass and chinaware.