British manufacturers enjoyed their strongest domestic sales growth in a quarter of a century in the three months to June, as optimism about future profits also touched a record high, according to the British Chambers of Commerce.
The business lobby group’s survey of almost 7,000 companies in the manufacturing and services sectors showed a balance of 42pc of manufacturers reported a rise in domestic sales, compared with 38pc in the first quarter. This represents the highest reading since records began in 1989.
New orders remained steady, while profit expectations also continued to rise. A balance of 51pc of manufacturing firms stated they expected profits to rise over the coming 12 months, equalling the previous record set at the end of 2013.