UK-based engineering companies which export are heavily dependent on overseas trade for their continued survival, with more than a third generating over 80% of turnover from these foreign markets, according to a survey published today.
The survey of UK engineering and manufacturing executives by accountants and business advisers BDO LLP and the Institution of Mechanical Engineers (IMechE), found that the largest overseas markets for UK manufacturers were Western Europe (75%), followed by North America (54%). India is one region that stands out as proving difficult for…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
