Annual survey highlights vital importance of industry to regions with most seeing an increase in manufacturing jobs
The Annual Regional Manufacturing Outlook report, produced in collaboration with EEF, brings together our survey results on the health of manufacturing over the past 12 months, comparing and contrasting performance across the eight regions of England, Scotland and Wales.
The Regional Manufacturing Outlook Report includes detailed analysis and data, which gives you an understanding the trends in employment, productivity and exports for each region - delivering a very accurate overall picture of the challenges and opportunities for manufacturing and is a must-read for anyone involved in manufacturing.
How do the regions compare
The past year has seen a pick-up in confidence across the majority of UK regions, continuing the recovery from the wobble in the immediate aftermath of the Brexit vote. Only the East of England, South East and London, and West Midlands bucked this trend, remaining below their pre-Brexit levels. The broad improvement in confidence is not that surprising given the exceptional year manufacturing on the whole has had, with order books well stocked across the year. Nevertheless uncertainty, particularly the closer we get to the 2019 EU exit deadline, as well as rising global trade tensions, risks hindering manufacturers’ outlook in the coming year.
Download the regional manufacturing outlook Report
Why manufacturing matters?
The manufacturing sector is hugely important for the UK economy, trade and investment. UK manufacturing employment stands at over 2.6 million people and manufacturing accounts for nearly half of all UK exports. Manufacturing also contributes 10% of all Gross Value Added. It is not hard to see why manufacturing is key to the UK’s trade balance and to see that this will become all the more true post-Brexit.
The Manufacturing Outlook Report is a EEF/BDO collaboration. It is important to us that we understand the challenges that you face in running your manufacturing businesses. It helps us use our skills, experience and knowledge to make a tangible difference to your business.