Columbia Metals’ Q4 2017 survey into market conditions within the precision engineering sector predict that sales growth will continue to grow to record levels.

A majority of industry participants foresee an increase in sales, buoyed by the competitiveness of UK products in light of the weaker pound.

Columbia Metals managing director David Stephenson said: “A weaker currency and global growth have been a twin stimulus to the UK’s precision engineers.

“Levels of optimism are now at record highs as exports continue to be competitive.

“The growing confidence in the market is an encouraging sign of how the quality of UK products is regarded overseas.”

Columbia Metals contacted precision engineering companies in January 2018 in the oil and gas, aerospace and marine industries.

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