UK production of handbags and luggage grew 3% to £364 billion as at the end of 2014 – the equivalent of £9.2 billion – according to analysis of the latest official PRODCOM Report from the ONS by Santander Corporate & Commercial.
The improving economy and confidence in consumer spending led to the manufacture of luggage, handbags and saddlery becoming the fastest-growing manufacturing sector in the UK, with production worth £205m in 2014 compared to £133m in 2013 – a year on year increase of 54% and a seven-year high for the sector. Overall, the manufacture of…
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