Ads
News service and business centre for materials handlingHOME
/lynad/news_adclick.asp?assid=18976 /lynad/news_adclick.asp?assid=18977 /lynad/news_adclick.asp?assid=18978 /lynad/news_adclick.asp?assid=18979 /lynad/news_adclick.asp?assid=18980
Ads
18988,18989,18990 19691

UK market faces uncertainty


Wednesday, 25 Oct 2017 ( #844 ) - London, United Kingdom
News Story
A slump in confidence reflects the volatility of the political and economic situation. PHOTO: SHUTTERSTOCK
The mood of BITA members is growing more pessimistic – consistent with the overall weakness and uncertainty around the UK economy, according to the members’ survey contained in the latest Forklift Truck Market Outlook.

Produced bi-annually by Oxford Economics on behalf of BITA, the latest Outlook reveals that members’ confidence has declined since the last survey in Spring 2017. Just over 50% feel that general economic prospects for the coming 12 months remain unchanged, compared to 85% of respondents who felt this was the case in the Spring survey.

Perhaps more tellingly, just over 20% of respondents felt less optimistic about general prospects for the coming 12 months, whereas no respondents felt this way in the previous survey.

However on a brighter note, attitudes to sales remain reasonably optimistic. When asked about their firm's own sales prospects, 80% of respondents expect a modest rise in sales over the next year. However, a small proportion (10%) now expect a ‘modest fall’ in sales. This is weaker than the Spring survey, where no respondents expected a modest fall.

Regarding orders, around 25% noted that their order books are ‘modestly better than normal’, compared to 70% in the Spring survey; while 10% now see their order positions as ‘modestly below normal’.

Commenting on the findings, BITA secretary-general James Clark says: "Looking across the last four Outlook reports, overall optimism was high in May 2016, took a dip in the Autumn report, with optimism returning, albeit at a lower level, in the Spring 2017 report, only to dip again this time. So quite a rollercoaster ride of sentiment among members – perhaps reflecting the volatility of the political and economic situation."

Counterbalance orders have been weak and volatile but are expected to rise modestly this year by 4.1% year-on-year, easing down to 1.7% growth in 2018, states the report.

Growth in the warehouse sector has been strong so far this year, but with consumers enduring a severe squeeze, it is expected that order growth will ease in the second half of the year. For the year as a whole, growth of 3.5% is expected, moderating from 7.2% growth in 2016.
Discuss Forkliftaction.com News stories in the Discussion Forums!
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia
Contact Forkliftaction.com
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Help
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries
Machinery-onQ.com

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

x