Manufacturing recovery continues despite challenges – Make UK/BDO survey

Posted on 19 Jun 2023 by The Manufacturer

Britain’s manufacturers are seeing a continued rebound in activity in the second quarter of the year, easing fears of a significant recession for the sector according to a survey published today by Make UK and accountancy and business advisory firm BDO.

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Key findings: • Output and total order performance similar to last quarter • UK and export orders remain steady, but balance between the two even. • Margins steadily becoming positive, prices cooled from peak but still high • Labour demand still strong, pay settlements remain elevated • Investment intentions fail to continue growth seen last…