According to XYZ, this growth reflects continuing optimism within the UK manufacturing and education sectors, and in mainland Europe. Indeed, optimism within the sector is reflected by 33 months of sustained growth, as highlighted by the Purchasing Managers’ Index (PMI), which remains resolutely above 53. In addition, the Bank of England has recently upgraded its growth forecast, while a recent survey by the organisers of the forthcoming Subcon show suggests that some 65% of manufacturing businesses are positive about investment.
“There is some amazing positivity in the manufacturing sector at the moment, despite the uncertainty that our politicians are generating around Brexit,” says Nigel Atherton, managing director of XYZ Machine Tools. “Our sales have been bolstered by a mix of optimism in the sector, along with the introduction of new products to our portfolio such as the LR series of vertical machining centres, our two UMC 5-axis machining centres and the latest generation of ProtoTRAK RMX and RLX controls for our mills and lathes.”
The coming year is also one of optimism for the company, with order books remaining encouragingly strong and plans in the pipeline for more new product developments, along with the opening of a new showroom in the north of England.