Barometer | Manufacturing Growth Programme

Barometer

Manufacturing Barometer

MGP works in partnership with SWMAS to deliver the Manufacturing Barometer.

The Manufacturing Barometer maps confidence, trends and opinions from within the manufacturing industry where the findings are used to help lobby local and national Government to ensure that SME manufacturers are receiving more of the right support they need to grow within an ever competitive environment.

Each quarter the survey looks at a ‘special focus’ relating to current news or activities from within the sector and/or economy.

Recruitment and Resources

 

Report shows optimism amongst SME manufacturers, despite staffing and supply chain issues

Small and medium-sized manufacturers are continuing to bounce back from the pandemic, despite experiencing significant supply chain and recruitment struggles.

The latest Manufacturing Barometer, which surveyed more than 400 SMEs across the UK, shows that nearly two thirds (64%) of companies are expecting to grow over the next six months and 52% plan to invest in capital equipment and manufacturing.

For the first time in over a year, the Manufacturing Barometer showed that more companies are trading at increased levels than they were before the pandemic, highlighting the resurgence in fortunes since lockdown eased. This is also reflected in positive performance data, with sales up for 60% of respondents, and 45% increasing their headcount between July and September this year.

These positive findings are against a backdrop of disruption, with 60% of respondents stating that staff are having to spend additional time liaising with suppliers. Furthermore, despite growing sales, just over half are being forced to increase product prices to recover some of their additional costs.

This survey collected 405 responses from SME manufacturing businesses in the UK between 4 – 15 October 2021.

Download the National Manufacturing Barometer report here: Q2 2021-22

East Midlands report
South East report
West Midlands report
Yorkshire & Humber report