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Survey shows continued order growth during 2006

A Manufacturing Technologies Association product story
Edited by the Engineeringtalk editorial team Mar 5, 2007

Quarterly trends survey for Q4 of 2006 show that order intake growth continued to the end of the year at a good rate.

The results of the Manufacturing Technologies Association quarterly trends survey for Q4 of 2006 show that order intake growth continued to the end of the year at a good rate.

The key points of the survey, to which there were 100 respondents from across the association, are as follows.

The percentage balance for business confidence in Q4 of 2006 fell slightly to +8%, but this change (from +10% in Q3) is not significant.

There was a negative balance in the Machinery Importers' Section, but this was outweighed by a strong positive balance for the Equipment Suppliers.

Order intake was +3.7% higher than in Q3, with all three sections reporting a quarter-on-quarter increase in business.

Over the year as a whole, using the cumulative total across the four surveys, order intake grew by +20%.

The respondents are also positive about the prospects for the Q1 of the new year, with orders expected to be +4.1% higher than in the final period of 2006; the Equipment Suppliers are the most bullish about business prospects, but the other two sections are not far behind and all expect order intake to increase.

Commenting on the results, MTA Director General, Andrew Manly said: "This was another quarter in which a good rate of growth was reported; it rounded off an excellent year for the manufacturing technology sector in which rapid growth in order intake was reported throughout the year".

"The signs are that 2007 has begun in a similarly positive fashion and we look forward to another year of growth, although perhaps not at quite the pace seen in 2006".

"With interest rates rising, there must inevitably be an impact on investment and we would urge the Monetary Policy Committee to examine very closely whether inflation is really the problem that they seem to believe, before imposing another rate rise on the economy that would, in our view, be unnecessary".

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