UK manufacturing PMI has sunk even lower after the EU referendum; this means it has shrunk at the fastest pace in three years since the Brexit vote. This is a disappointing picture by any accounts, but perhaps not one that is very surprising.
Part of this is because of the impending interest rate decision, political uncertainty and the danger of increased costs.
Wales however has seen the strongest growth of manufacturing in the UK, and also has the strongest output, with over 5,600 manufacturing firms and 165,000 employees, according to ITV. Despite some challenging times ahead, it’s a sector that’s got a force to be reckoned with.
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