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MakeUK Manufacturing Outlook 2020, 1st Quarter

Britain’s manufacturers are calling on the Government to work with industry and take whatever steps are necessary to mitigate the impact of coronavirus on the back of a survey showing exports have slumped to their lowest level in three years.

The key finding from the MakeUK report:

  • Output fell sharply on back of weak orders and Autumn stockpiles wound down
  • Domestic orders improve but still negative, worst run since 2015
  • Export orders turn negative for first time since Q4 2016
  • Evidence EU customer sentiment turning away from UK
  • Electronics turns negative for first time since 2015 as access to semi-conductors and other components dry up
  • Northern Ireland least optimistic area of the UK
  • Manufacturing forecast to contract in 2020 by -2.1%

 

Please click here to view the full report