UK manufacturing is out of casualty and back in the recovery ward according to David Brown, chief economist at Bear Stearns International Ltd in London.
He was one of 17 economists surveyed by business information provider Bloomberg News. All were upbeat and say UK factories probably boosted production for a third month in April as a recovering global economy improved demand for British goods.
The US economy, recipient of 14% of British exports, grew at the fastest rate in two years in the first quarter, providing more orders to British factories where production fell the most since 1991 last year.
Mr Brown says the US economy is picking up momentum and added: ‘We’re going to see a grind to gradual recovery.’
