Some parts of industry faring better than 6 months ago

According to the British Marine Federation (BMF) specific areas of the marine industry are showing small signs of recovery.

The latest research from the BMF shows that some parts of the industry are doing better then six months ago, however, others are still finding the economic conditions particularly hard to deal with.

The BMF are also quick to point out that although there are signs of recovery companies aren’t faring as well as they were this time last year.

The findings have been reported as part of the BMF’s annual spring trends survey which stated that there has been an increase in the home order book and that future perceptions have improved since sixth months ago with 77% being good or excellent, up from 62% the year before.

Chief executive of the BMF Rob Stevens says: “While it is encouraging that some parts of the industry are showing signs of improvement these statistics make it clear that this remains a very challenging time.

“I am convinced, however, that the UK marine industry has the strength and quality to come through this difficult time ready to prosper in the upturn. But this is certainly no time for complacency and that is why the BMF is redoubling its efforts to ensure that it offers members high-quality services and support at excellent value. As part of this, we are continuing to work closely with Government to ensure that the interests of the leisure marine industry, particularly the availability of credit, are articulated, heard and understood at the highest level.”