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|CBI industrial figures - Comment|
|Friday, 20 May 2016|
Responding to the CBI’s latest industrial trends survey, Kevin Caley, Founder and Chairman of peer-to-peer lender ThinCats, said: “Today’s CBI figures show that the decline of Britain’s embattled manufacturing sector has been somewhat arrested, however only time will tell if this improving sentiment translates into a sustainable recovery.
“While the sector has expressed optimism over future output, industrial firms are still facing all sorts of challenges in obtaining finance, with weak export demand and political uncertainty making this all the trickier. Many smaller manufacturers have realised that the best route to finance, and ultimately growth, is no longer the well-trodden one, which is why we’ve seen a rise in manufacturers using our platform to obtain a loan from their peers.”
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