How has manufacturing fared in your region or nation over the last 12 months?
Our eighth Regional Manufacturing Outlook Report, produced in partnership with Make UK, summarises how the manufacturing sector has evolved across the UK regions and nations over the past 12 months. Bringing together four quarters of our Make UK/BDO Manufacturing Outlook research, our report highlights manufacturers' contribution in terms of output, orders, employment, investment, and exports, and compares them to the national average.
Our last report partially covered the worst of the COVID-19 pandemic as well as the inklings of a rebound in economic activity which highlighted mixed experiences for different parts of the UK.
However, our latest report shows manufacturers pushed back, and each of our metrics are high for all regions and nations. This year, no region or nation in the UK reported an average decline in any of our performance measures. Whilst some places performed relatively better than others, all parts of the UK reported positive average balances for output, orders, employment, and investment intentions.
This year’s data capture has been a period of unusually high activity as the sector embarked on its post-pandemic recovery period. However, this came with its own challenges – manufacturers struggled to access to inputs, witnessed inflation at record rates, energy and fuel prices have soared as well as struggling with a tight labour market and geopolitical events. Higher costs, longer lead times and uncontrollable external challenges make this year one of the most difficult yet and this is reflected in the final quarter of this year’s research, headwinds have mounted sufficiently to begin clawing at the industry’s performance metrics.
Download the Make UK/BDO Regional Manufacturing Outlook Report 2022 for the full regional insights, including:
- Manufacturing performance over the 12 months
- Economic contribution manufacturing makes in terms of jobs and regional output
- Key export markets and subsectors
- Manufacturing productivity statistics.
If you would like to discuss any of the topics raised in this report, please do not hesitate to contact Richard Austin or your usual BDO Manufacturing partner.