Number of UK manufacturers tapping into overseas markets on the rise

Posted on 25 Oct 2019 by Jonny Williamson
While the UK’s largest manufacturers are dependent on the ability of local supply chain to continue improving their productivity.

Despite challenging global trading conditions, more than eight in 10 manufacturers (81%) said they exported goods between July and September, the second highest-percentage since 2005.

The latest Lloyds Bank International Trade Index, compiled in partnership with IHS Markit, offers a mixed assessment of Q3 2019. The number of businesses exporting hit the second-highest level in almost 15 years, bolstered by international supply chain efficiency hitting a 10-year high, as slowing global economic growth and the surplus inventory from stockpiling seen…

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