Manufacturing output volumes fell at the fastest pace since mid-2020 in the quarter to December, according to the CBI’s latest Industrial Trends Survey (ITS). Manufacturers expect another steep drop in output over the next three months. Total and export order books deteriorated sharply relative to last month, with the volume of total orders falling to […]
New figures released today by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in October 2024 by 2% compared with the same month in 2023. The corresponding value of new business fell by 1% over the same period. In the ten months to October 2024, new business was […]
Made Smarter Adoption, the UK government’s programme helping SME manufacturers adopt technology and digital skills, will continue next year and expand into all regions of England. The government has announced in the Autumn Budget that it will spend £16m expanding the Adoption programme to all nine English regions in 2025-26. The decision means hundreds of […]
Sentiment across the manufacturing sector fell in October and at the fastest pace in two years, according to the CBI’s latest quarterly Industrial Trends Survey. Manufacturing output volumes fell over the quarter to October, though less rapidly than in the quarter to September. Output is expected to be broadly unchanged over the next three months. […]
Made Smarter is calling for manufacturers to open their factories to the schools, colleges and the local community for National Manufacturing Day on 26 September. The government-funded, industry-backed programme, which helps manufacturers connect with technology and skills, is involved in events across the North West, North East, and Yorkshire and Humber. Run by trade body […]
The agreement, which will enhance economic growth across the UK, will also boost overall availability of the UK’s warships and submarines. It will see far greater access from the Ministry of Defence directly to small and medium-sized enterprises (SMEs), allowing them to bid for work under a seven-year framework worth up to £850m. The Marine […]
The World Economic Forum, in collaboration with global consultancy Kearney, has released a new White Paper exploring the actions manufacturing leaders are taking to redesign their global value chains along key trends that are reshaping those and transforming manufacturing systems. “From Disruption to Opportunity: Strategies for Rewiring Global Value Chains,” is based on a survey […]
The level of investment by Britain’s manufacturers could be boosted by up to £10bn if they were to take advantage of the range of public and private finance options available to them, according to a major report published today by Make UK, NatWest and Lombard. Such a boost would raise the investment potential of the […]
Top UK accountancy and business advisory firm Johnston Carmichael is expanding its sector focus to offer greater specialist support to the engineering and manufacturing industry. Engineering contributes an estimated £645bn annually to the UK economy and the recent Budget announcement includes an extra £4.5bn for strategic manufacturing sectors over the next five years to bolster […]
New analysis shows that the UK’s manufacturing sector has made a dramatic recovery – recording its best performance in more than two and a half years during the final quarter of 2023. Mid-sized firms have seen their profitability surge thanks to firm demand and stabilising supply chains, according to the latest Manufacturers’ Health Index report, compiled quarterly […]
