Perfect storm of factors points to harsh outlook ahead
The Manufacturing Outlook Report is a Make UK/BDO collaboration, providing key business trends and future prospects in UK manufacturing and is the most comprehensive barometer of the economic climate facing UK manufacturers.
For decades manufacturers have navigated challenges and change but the current storm of Brexit uncertainty, slowdown in major markets and trade wars is taking its toll. In our latest report, read how manufacturers are reacting to the current trading environment and their expectations for the remainder of 2019.
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If you would like to discuss any of the topics raised in this report, please do not hesitate to contact Tom Lawton or your usual BDO Manufacturing partner.
Why manufacturing matters?
The manufacturing sector is hugely important for the UK economy, trade and investment. UK manufacturing employment stands at over 2.7 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 Make UK/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.