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MHA Manufacturing & Engineering Annual Report, 2017/2018

Now in its sixth year, the MHA Manufacturing and Engineering Survey continues to point to sector trends and highlights the challenges and opportunities that our makers and engineers face.

This year and perhaps counter-intuitively (given some of the pressures building up post the Brexit vote) business is generally buoyant and confidence fairly high. We are seeing increasing pressures caused both by the rising cost of raw materials consequent on the falling value of the pound and the continuing and growing crisis around skills shortages which is being compounded by the loss of a portion of the workforce who originally arrived here because of the right of free-movement across
the EU.

In this respect and elsewhere,  the survey uncovers some interesting data and that as the UK needs to trade its way out of trouble, the government needs to put serious effort into building
up the ten pillars of its nascent Industrial Strategies

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www.mha-uk.co.uk