UK High Tech Manufacturers Stay Confident Amidst Eurozone Crisis

UK High Tech Manufacturers Stay Confident Amidst Eurozone Crisis PR Newswire LONDON, July 16, 2012 LONDON, July 16, 2012 /PRNewswire/ -- Uncertainty over UK economic outlook remains Focus shifting to opportunities in new & emerging markets Ability to hire experienced engineers still an issue The UK high tech manufacturing sector is still cautiously optimistic about its future, despite a largely undecided outlook on the general economy and amidst growing uncertainty in the Eurozone, according to a new survey. 77% of the 402 high tech manufacturers questioned for the fourth wave of the GE High Tech Index in June 2012 said that they felt either very positive (31%) or fairly positive (46%) about the current performance of their own business. This represents a slight improvement in sentiment since the last high tech survey in December 2011 when 73% of those questioned indicated they were either very positive or fairly positive about their own business prospects. Nearly half of the high tech manufacturers questioned said the Eurozone crisis was leading them to focus more new business efforts on developing markets, while 42% of said the Eurozone crisis meant they were also placing more attention and effort on the UK market.