Make UK has published its quarterly Manufacturing Outlook document
Britain’s manufacturers are battening down the hatches amid a very sharp slowdown in activity and potential recession, according to the latest data from Make UK and business advisory firm BDO.
The findings in the Make UK/BDO Q3 Manufacturing Outlook survey show that the positive picture of the first half of the year has now gone sharply into reverse, with recruitment plans ceasing and orders slowing at home and abroad. As a result, Make UK has cut its forecast for growth for 2023 with output set to fall this year, while the forecast for next year is within the margins of no growth at all.
Read it here:
https://www.makeuk.org/insights/reports/manufacturing-outlook-2023-q3
