Manufacturing battens down the hatches as downturn looms – Make UK/BDO survey

Posted on 18 Sep 2023 by The Manufacturer

Factory worker grinding metal. Image courtesy of Shutterstock

Britain’s manufacturers are battening down the hatches amid a very sharp slowdown in activity and, potential recession, according to the latest data from Make UK and business advisory firm BDO.

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Key findings: Output and total orders turn flat, bucking expectations UK and export orders fall in tandem Recruitment plans weaken significantly for first time since EU referendum Policy incentives in US and EU making UK investment harder to justify Three quarters of companies bemoan lack of policy consistency, more would invest if industrial strategy in…