British Manufacturers Remain in Favor of EU membership Despite Sluggish Demand

By Duncan Tift – Deputy Editor, West Midlands for

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BRITAIN’S manufacturers remain overwhelmingly in favour of staying in the EU, according to new research published today.

Read also: U.K. Unemployment Falls While China Growth Cools: Global Economy

EEF, the manufacturers’ organisation, said the findings of its research showed that 85% of manufacturers in the UK would vote to remain within the EU.
In stark contrast, just 7% would vote to pull out.
The most positive support for staying in the EU comes from companies with more than 250 employees, where 90% would opt to stay in and not a single company would vote to come out.
The figures are in line with the last poll EEF carried out in September 2013 and come in spite of the continued economic problems of the Eurozone.
The current economic climate within the EU remains sluggish and despite recent hopes of recovery, orders placed with British manufacturers is a cause of concern for many SMEs.

Boeing Sees China Demand Up As Budget Airlines Grow


Boeing predicted Thursday that China will be the largest buyer of passenger planes in the Asia Pacific region over the next 20 years.

Boeing sees a demand of 6,020 new planes, valued at $870 billion, over the next two decades for China, accounting for 45% of total demand for airplanes in the region.

“China’s aviation market is going through dynamic changes,” said Randy Tinseth, Boeing commercial airplanes VP of marketing, in the release. “New business models like low-cost carriers and airplane leasing companies, a new generation of fuel-efficient airplanes and evolving consumer needs are driving demand for more direct flights to more destinations.”

Boeing sees demand for 1,480 new wide-body aircraft like its 777 and 787 Dreamliner as the long-haul segment grows and more international flights arrive in smaller cities outside Beijing, Shanghai and Guangzhou.

“To compete in the tough long-haul international market, our Chinese customers are focused on evolving new business models, adding new destinations, increasing their capacity and resources,” Tinseth said in the release.

More than half of all the commercial planes in China are from Boeing, according to the company.

China is also the home to many budding low-cost carriers, as Beijing lifted restrictions on creating new airlines earlier this year. The new guidelines make it easier for budget carriers to get approval.

In July, China Eastern Airlines announced it would convert China United Airlines into a low-cost airline. Spring Airlines is the largest budget carrier in the country.

Worldwide, Boeing sees the delivery of 36,770 new commercial airplanes during the next 20 years.

Boeing shares were flat at 126.23 in the stock market today.

Boeing is dominating the skies in other markets as well. Europe’s Airbus said Thursday that it has more than 1,000 orders for new aircraft in the first eight months of the year, but cancellations continue to hit net orders, which are only at 722, far behind Boeing’s, at 918.

The Aerospace/ Defense group is ranked No. 115 out of the 197 industry groups IBD tracks.

Follow Gillian Rich on Twitter: @IBD_GRich.
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Germany’s Imports Rebound in January

U.S. exports may be ready to recover after a downturn in the Fall.  German imports have rebounded in January 2013. There is hope that increased trade will shrink Germany’s trade surplus. From October 2012 to December 2012, Germany’s economy shrank by 0.6%.

German domestic demand is anticipated to play a large role in boosting the Germany and Eurozone economy this year. Since currently borrowing costs for businesses are purposefully low, perhaps German demand will increase.

Extent of Freedom in Changing Times

When the long-standing rivalry between socialism and market orientation was resolved, market focus and the recognition of demand and supply directly affected human rights and the extent of freedom. With all humility and gratefulness we can conclude: the markets were right. In country after country, market forces have demonstrated typically greater efficiency and effectiveness in their ability to satisfy the needs of people.

International marketers have been instrumental in stimulating these newly emerging market forces. In spite of complaints about the slowness of change, the insufficiency of wealth redistribution, and the inequities inherent in societal upheavals, a large majority of participants in market-oriented changes are now better off than they were before. Without the transition provided by international marketing, these changes would not have come about that swiftly.
This is an excerpt from Dr. Czinkota’s book Global Business: Positioning Ventures Ahead, co-authored by Dr. Ilkka Ronkainen.

Michael R Czinkota and Ilkka A Ronkainen, Global Business: Positioning Ventures Ahead (New York: Routledge, 2011), pg. 234-235.

Click here to acquire the full book.