Make UK manufacturing organisation and accountants BDO survey data

  • manufacturing growth has weakened over the past couple of months
  • European companies diverting supply chains away from the UK in fear of Brexit complications (and unresolved delays on deciding)
  • said output and orders continued to grow but at a slower rate than in the early months of 2019
  • weakening of hiring and investment intentions

"Earlier this year there was clear evidence that industry was on steroids as companies stockpiled. Underneath, however, there is now growing evidence of European companies abandoning UK supply chains" Make UK chief executive Stephen Phipson

via Reuters

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Make UK/BDO survey covered 344 companies between May 1 and May 22.