UK manufacturing defies Brexit doom-mongers

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UK manufacturing defies Brexit doom-mongers

But can the sector survive the latest wave of political uncertainty? 

Around 60 per cent of UK manufacturer’s have experienced increased demand for their products from European markets, despite the uncertainty surrounding Brexit.

A survey carried out by manufacturing association EEF and accountancy firm BDO, found that three out of five companies were enjoying a surge in orders from the Continent. The EEF, meanwhile, has revised its forecasts upwards for the next 18 months, to 1.3% in 2017 and 0.5% next year. Business confidence in the manufacturing sector can also be seen in its strong recruitment and R&D intentions.

However, crucially the survey was carried out prior to the General Election result, which will undoubtedly stall investment and hiring decisions. It remains to be seen, therefore, whether the segment can live up to the latest growth predictions in the face of yet more political uncertainty.

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