The Q2 Manufacturing Outlook survey published by Make UK and BDO LLP, shows that whilst domestic and export orders are in positive territory they are trending downwards as the boost of artificial stockpiling winds down and overseas customers are switching their supply chains away from the UK.
As a result, investment by the sector has been paralysed with no evidence that there is pent up demand waiting to be unleashed and, whilst business confidence has held up with the relief of ‘no deal’ being avoided twice it remains below the levels seen ahead of the EU referendum in 2016.
