Four in 10 manufacturing SMEs think global conditions are worse than during the pandemic

Posted on 7 Sep 2023 by The Manufacturer

The latest research from Bibby Financial Services (BFS) reveals that small and medium sized (SME) manufacturing businesses across the globe are being significantly impacted by current economic conditions.

Indeed, four in ten (40%) manufacturers surveyed across nine key international markets agree that global business conditions are worse now than during the pandemic, and over a quarter (27%) also report that the situation now is worse than it was following the global financial crisis. As global manufacturing activity has weakened, so has the outlook…

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