Mark Wembridge of the Financial Times has celebrated the strong order books and rise in manufacturing which another FT reporter documented in a purchasing managers’ index for manufacturing, compiled by data firm Markit and the Chartered Institute of Purchasing & Supply. He sees the rising reputation of the ’Made in Britain’ mark:
“In Birmingham, they make espresso machines for export to Italy. Fracino, the UK’s only coffee machine manufacturer, was launched in a garden shed in 1963 by Frank Maxwell after he stripped down an espresso maker bought on a family holiday in Italy and decided to make his own.
“The third-generation family-owned business produces about 3,000 coffee machines a year. Almost 30% of Fracino’s annual turnover is generated by exports. The coffee makers range in price from £500 for machines for home use, to £7,000 for commercial machines destined for cafés, bars and restaurants”.
We note the ‘30%’ because, though the industries featured do export well, they also retain a firm, reliable home customer base.