The global economy is currently enjoying strong growth, with International Monetary Fund (IMF) figures showing growth in 2017 of 3.6 percent.
The IMF noted in its Regional Economic Outlook last month that the economic recovery in Europe, which accounts for most of Britain's trade, had gained speed.
Overall real GDP growth in Europe is projected at 2.4 percent this year, a faster rate than the IMF predicted earlier in the year, and up from 1.7 percent in 2016.
While the IMF noted in the same report that in Britain growth had slowed as households felt the squeeze of weaker sterling, the stronger performance of the manufacturing sector is balancing this.
And European and global growth will in turn continue to benefit the British manufacturing sector and its unusually strong growth into 2018.
"Net trade actually dragged on growth by 0.5 percentage points in Q3, but annual growth in export volumes is quite a punchy 10 percent annually at the moment," she said.
Surveys show this strength should continue, while imports slow in line with weak consumer spending growth, she said
"We are optimistic that net trade will provide more support to GDP growth in the quarters ahead as export growth continues to remain strong. But import growth slows from its recent quite strong rate."
The last time that manufacturing growth outstripped services growth was in 2011, and that growth was ended with the eurozone crisis.
【国际英语资讯:Interview: Manufacturing to provide main impetus in British economic growth】相关文章:
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