Regional Manufacturing Outlook Report 2020
11 August 2020
How have manufacturers performed in your region over the last 12 months?
BDO's sixth Regional Manufacturing Outlook report*, produced in collaboration with Make UK outlines how trends in manufacturing have evolved around the UK over the past 12 months. Bringing together four quarters of research, the report highlights manufacturers' contribution to economic regions of the UK in terms of output, jobs, investment, business confidence and their export performance.
The dawn of a new decade came with a renewed optimism from manufacturers about a fresh start for the UK. Following a turbulent 2019, confidence grew, investment rose, and expectations for both output and orders also spiked. Then, almost without warning, the global economy came to a halt with the onset of COVID-19.
As this year’s Regional Manufacturing Outlook makes clear, no sub-sector of UK manufacturing is immune to the impacts of COVID-19. Yet, the sector has shown its strength in responding to the national need for medicines, PPE equipment and ventilators to help us get through these difficult times. While the results of this report illustrate the challenges, we are all encountering, the resilience of UK manufacturers is unquestioned and the importance of maintaining a robust and innovative manufacturing base has been made clear for all to see.
Download the report for the full regional insights and if you would like to discuss any of the topics raised in this report, please do not hesitate to contact your local BDO expert.
*Report written & published by our colleagues in BDO LLP.