5 Reasons Why We Should Have Faith in UK Manufacturing

Here are a selection of facts and figures from recent media which are highlighting a consistent message - that UK Manufacturing is alive and kicking!

1. Manufacturing in the UK grew at a substantial rate in May from 50.2 to 51.3 and reached its highest since March 2012

2. Out of 700 manufacturing companies in Britain surveyed  recently,  64% of firms expected to increase turnover over the next 6 months

3. Evidence suggests an increase in production returning to the UK from overseas (re-shoring) -  due to attractive exchange rates, superior quality and a desire for local sourcing to reduce risk in the supply chain - it seems more and more manufacturing companies are returning production from overseas to the UK

4. Job creation in manufacturing sector has also hit an all-time high and manufacturers are appear to be confident in the outlook (93% of manufacturers surveyed by The Guardian said they ‘were looking to take staff on or keep workforce levels the same). Re-shoring of manufacturing jobs to bring 200,000 jobs to the UK

Written by Helena Finnan,
Software Marketing Manager,
SolutionsPT

5. Trillions of pounds in new opportunities in the aerospace and automotive sectors reported -  The government says aerospace alone is contributing £24 billion worth of revenue to the UK annually