Upturn...Coming soon to an Industry Near You?

[robm3]

Just got back from two weeks off and noticed our order book for EMEA has gone through the roof. A little digging shows that various large companies are starting to invest again.

For reference I'm working on a contract with a company that manufactures safety equipment for the following markets:
Oil/Gas(now ordering big time due to exploration demands rising p.s. that means costs go up so expect to see that in the oil prices)

Utilities and Construction (always steady but up 15% due to new investments)

Construction (still depressed)

Luckily we didn't jump on the bandwagon of cutting headcount, only reducing hours so are now able to increase shift times to fulfill aforementioned orders.
Not sure it it's an end of financial year blip/spend or real positive signs of recovery....

Edited by robm3 on Tuesday 26th May 16:07

[Puggit]

Yep - IT projects have been on hold for start of the year, and now big orders are starting to become a reality rather than something in the pipeline that keeps falling back.

[Spiritual_Beggar]

For God's sake...keep this news quiet!!!

If Brown finds this out....he'll start rambling on about how he's saved the world again!!

[Fittster]

Try the "It's BAD, it's VERY VERY BAD - The be very afraid thread!"

[ShadownINja]

Fittster said:

Try the "It's BAD, it's VERY VERY BAD - The be very afraid thread!"

I wish I hadn't now.

[BOR]

There is also a theory that this is simply re-stocking of inventories that had been completely run down. So sadly not necessarily an upturn.

But there is also anecdotal evidence that the "bottom" has at least been reached.

[NoelWatson]

BOR said:

There is also a theory that this is simply re-stocking of inventories that had been completely run down. So sadly not necessarily an upturn.

But there is also anecdotal evidence that the "bottom" has at least been reached.

Where?