UK Manufacturing Statistics
Manufacturing contributes £6.7tn to the global economy. Contrary to widespread perceptions, UK manufacturing is strong with the UK currently the world’s ninth largest industrial nation. Manufacturing makes up 10% of GVA and 45% of UK exports, and directly employs 2.7 million people.
The rising cost of energy and raw materials, as well as the potential cost arising from the uncertainty of Brexit, are all key concerns. A large number of manufacturers have reported that they are focusing on “increasing sales” and “decreasing costs” going forward. An undeniably positive note characterises the mood with respects to new technologies, with the continued investment interest in automation, additive manufacturing and factory connectivity showing manufacturers are looking forward with confidence.
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* Information has come from the Hennik Research – Annual Manufacturing Report via The Manufacturer