UK manufacturing accounts for 23% of GDP & employs 7.4m

Posted on 10 Apr 2018 by Jonny Williamson

Manufacturing accounts for nearly a quarter of the UK economy and more than 7.4 million jobs depend on it, according to new research commissioned by the Manufacturing Technologies Association (MTA).

The median wage in industry is £27,400 – meaning that, on average, manufacturing workers take home 19% more than other workers – image courtesy of DFC. For the first time, ‘The True Impact of Manufacturing’ study by economics consultancy Oxford Economics has taken into account the full impact of UK manufacturing,…

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