The latest monthly CBI Industrial Trends Survey reports that UK Manufacturing output looks promising. They suggest that output has increased strongly and faster since the end of 2017. According to CBI, growth was broad-based, with output increasing in 14 out of 17 sub-sectors. Among the top performers are food, drink and tobacco and mechanical engineering.
Total order books show similar, healthy levels resembling that of December 2017. Exports remained stable, well above average and in line with the past 16 months. Output price expectations for inflation softened to the weakest in almost a year while stock levels moved below average. It hasn’t been smooth sailing as the UK Manufacturing sector faced some serious challenges.
While the CBI believes manufacturers will continue to benefit from robust external demand and the lower exchange rate, overall economic growth is expected to remain subdued. This comes as a result of weak consumer income growth and the continuous uncertainty stemming investments. Continue reading →
A new research study by A.T. Kearney and HP Inc has revealed some interesting data. The UK is placed fifth overall in adopting 3D printing and additive manufacturing behind the US, Germany, Korea and Japan. Within Europe, Britain came in second only behind Germany (placed second globally), and ahead of Sweden (eighth), France (ninth), and Italy at twelve.
According to HP Inc, Germany is the only European country with a more positive environment for the technology to transform manufacturing. Although we’ll see some positive data on 3D printing and additive manufacturing, it’s not all sunshine and roses. Continue reading →
UK Manufacturing has continued its upward trend and toward the end of 2017, was named the eighth largest manufacturer by output in the world. This came less than one year after claiming ninth spot. Reports from EEF and Santander shows the nation’s annual output is worth nearly $250bn. If this current growth continues, UK Manufacturing could be in the top five as early as 2020. Continue reading →
Unlike some industries, UK manufacturing has grown to new heights throughout November and has defied all odds. Industries performing particularly well include the automotive sector, the steel industry and shipbuilding.
Overall, production is on the rise to the highest it’s been in four years; new territories with a significant increase in exports along with the highest employment growth in over three years. And according to a report from the Office for National Statistics (ONS), the UK’s industrial sector has increased by Continue reading →