Make UK/BDO Manufacturing Outlook
Make UK/BDO Manufacturing Outlook
Manufacturers’ confidence remains robust despite weak economy
UK manufacturers are facing the prospect of two years of anaemic growth, with the latest forecasts suggesting the sector will remain flat this year and grow by just half the rate of the overall economy in 2025. However, despite this, confidence levels among manufacturers remain robust with investment and recruitment intentions holding up.
Behind the overall picture are some underlying sectoral and regional imbalances, with the electronics, aerospace and food and drink subsectors powering ahead, whilst the South East and Wales are performing significantly better than other UK regions and nations.
Our Make UK/BDO Manufacturing Outlook report details the results from our latest survey, in partnership with Make UK, into the performance of manufacturers across the UK.
Download the Q1 report for detailed insights into the performance of UK manufacturers over the past three months across our core indicators – confidence, output, orders, employment, and investment – including expectations for 2024.
If you would like to discuss any of the topics raised in this report, please get in touch with Richard Austin or your dedicated BDO Manufacturing partner.
Download our Make UK/BDO Q1 Manufacturing Outlook Report for detailed manufacturing sector insights.
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