Barometer | Manufacturing Growth Programme

Barometer

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.

 

Trading Beyond Brexit

 

Brexit challenges threaten to slow SME manufacturing comeback

Brexit issues are causing small to medium-sized (SME) manufacturers significant disruption as they look to recover from the economic effects of COVID-19.

The latest Manufacturing Barometer, reveals almost two thirds (65%) of companies have seen negative price changes within their supply chain since leaving the EU, with the availability of raw materials an issue for 56% of firms.

Of the 284 national respondents, more than half cited complications with exporting (54%) and importing goods (56%) since December 31st, causing potential short and long-term hits on volumes and new opportunities.

This survey, the largest of its kind in the UK, also highlighted that less than a third of SME manufacturers feel they are getting the right support and guidance from Government on how to navigate changes caused by Brexit, underlining the need for better communication and additional tailored support.

On a more positive note, 21% of manufacturers believe Brexit could deliver new reshoring opportunities as firms look to bring their supply chains closer to home.

 

This survey collected 284 responses from SME manufacturing businesses in England between 11th – 22nd January 2021.

Download the National Manufacturing Barometer report here: Q3 2020-21

Regional Manufacturing Barometer reports.

Regional Manufacturing Barometer report – East Midlands – Q3 2020-21

Regional Manufacturing Barometer report – South East – Q3 2020-21

Regional Manufacturing Barometer report – West Midlands – Q3 2020-21

Regional Manufacturing Barometer report – Yorkshire and Humber – Q3 2020-21