Manufacturing Outlook Report
Manufacturing exports slump to lowest level in three years
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 ongoing economic and political uncertainty continues to take its toll on the sector. The election result provided some degree of political certainty for UK manufacturers but the escalation of coronavirus over the last few weeks is likely to knock that off course.
In our latest report, read how manufacturers have performed in the first quarter of 2020 and their expectations going forward into the next quarter.
Download Q1 Report
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.