Manufacturing Outlook Report
Manufacturers continue to raise prices at record levels in response to escalating inflationary pressures
Our previous quarterly survey reported that for the first time since early 2021, UK manufacturing experienced a slow-down in output and orders, indicating the pandemic rubber band effect was fading. However, in Manufacturing Outlook’s almost 30-year survey history the previous quarter, as well as the latest one continues to produce high balances.
In partnership with Make UK, our Q1 2022 Manufacturing Outlook report provides an update on the activities of UK manufacturers over the past three months as it deals with rising inflationary pressures and supply chain disruptions.
This latest quarter’s research shows manufacturers continue to perform well on most fronts as key metrics remain positive. However, a major concern highlighted in this edition reports margins have effectively collapsed as inflationary pressures reach new heights. Prices have once again expanded across the sector, with the domestic market leading the way in growth. From rising input prices to logistics, energy, wages, and higher tax bills looming in the months to come, businesses are feeling the pinch more than they have ever before.
Download our Q1 report for detailed economic analysis of UK manufacturing trends as well as regional and subsector insights.
Download Q1 Report
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.
Image credit: © This is Engineering.