Each quarter the survey looks at a ‘special focus’ relating to current news or activities from within the sector and/or economy.
Shaping the future of SME Manufacturing
Brexit uncertainty weighs heavy on SME manufacturers looking to recover from Covid-19
The Manufacturing Barometer, the largest survey of SME manufacturers in England, showed that whilst many businesses are still facing challenges because of the COVID-19 pandemic, for others, the marketplace has picked up slightly over recent months.
Unsurprisingly, the majority of respondents reported a reduction in profits between April and September, but over a quarter of companies actually saw an increase throughout this period.
Forecasts around staff retention are showing signs of improvement across the sector. Although 18% of respondents still predict a need to reduce their workforce, this has halved from the 36% who predicted this back in July. In fact, almost a third are now expecting to employ additional staff within this period; a vast increase from the 7% who predicted this in April’s Barometer survey.
Future investment predictions are also more positive than they have been since the COVID-19 crisis began, and show a resilience amongst SME manufacturers, but this report indicates that the manufacturing sector is not yet back to its pre-pandemic position…
This survey collected 409 responses from SME manufacturing businesses in England between 19th – 30th October 2020.
Download the National Manufacturing Barometer report here: Q2 2020 – 21
Regional Manufacturing Barometer reports, coming soon….
East Midlands Barometer
West Midlands Barometer
South East Barometer
Yorkshire & Humber Barometer
Download previous Manufacturing Barometer Reports here:
National Manufacturing Barometer Q1 2020-21
National Manufacturing Barometer Spring 2019-20
National Manufacturing Barometer Autumn 2019-20
National Manufacturing Barometer Summer 2019-20
National Manufacturing Barometer Spring 2018-19
National Manufacturing Barometer Winter 2018-19
National Manufacturing Barometer Autumn 2018-19
National Manufacturing Barometer Summer 2018-19
National Manufacturing Barometer Spring 2017-18
National Manufacturing Barometer Winter 2017
National Manufacturing Barometer Autumn 2017
National Manufacturing Barometer Summer 2017