The UK’s manufacturing sector shrunk at its fastest pace in almost seven-and-a-half years as businesses continued to feel the fallout from recent political and economy uncertainty, according to a new survey.
Manufacturers across the UK saw output in the three months to December fall at the fastest rate since the financial crisis, according to the Confederation of British Industry.
More people lost their jobs in the UK manufacturing sector in November than any other month for more than seven years, as the industry continued a months-long losing streak.
British manufacturers are set to gain £13 billion over the next five years by shifting their focus from selling to wholesalers and retailers, and going direct to consumers, a new report by Barclays Bank has found.
Britain’s manufacturers have been offered some respite as battered order books improved in November after a no-deal Brexit was avoided last month, according to a survey.
The number of manufacturing companies entering insolvency has hit a five-year high, new research suggests.
More than 620,000 manufacturing jobs have been lost since the financial crash a decade ago, a study suggests.
The UK’s manufacturing sector headed for recession in October, extending its longest losing streak since 2012 as even Brexit stockpiling failed to “ease the agony” companies have been feeling, according to a closely watched measure.
UK manufacturers are expecting the steepest decline in orders for a decade over the next three months, as Brexit uncertainty and global growth worries take their toll, according to a report.
Dundee’s legendary shipyards once had a worldwide reputation.