Germany invests 25 times more than UK

Posted on 4 May 2011 by The Manufacturer

Commenting on recent CBI figures, Siemens’ Andrew Peters said UK manufacturing has now a great opportunity to invest before market changes.

According to Peters, divisional director for Siemens industry automation and drive technologies, the current economic conditions are favorable for manufacturers: a weak pound makes UK exports grow, consumers haven’t felt the impact of the government’s austerity measures yet and companies are forced to embrace efficiency in their bid to cut costs. However, he warned, these…

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