UK manufacturing faces two years of ‘anemic growth’ as ​​demand lags

Britain’s manufacturing industry faces two years of “anemic growth” as demand lags behind.

Make UK’s forecasts suggest the sector will remain “flat” this year and will grow half as fast as the rest of the economy in 2025.

“Manufacturers are facing stagnation in their domestic and European markets, with few signs of recovery,” said Fhaheen Khan, of Make UK.

But the survey of more than 300 businesses found those in the electronics, aerospace and food and drink sectors are more optimistic, while the South East and Wales are the most efficient regions.

BDO’s Richard Austin, who collaborated on the report, said: “We have reached a tipping point where regional disparities could permanently affect the manufacturing sector. »