British manufacturers are moving supplier bases from EU to UK

Published: 12th Mar 2019

From investment to turnover, or recruitment to profits, forecasts are down for UK SME manufacturing businesses as they divert valuable resources to manage Brexit uncertainty. This is according to the national SWMAS Manufacturing Barometer.

This latest quarterly insight into the sector from SWMAS and partner Economic Growth Solutions, shows how the challenging economic and industrial climate is pushing UK manufacturers to carry significant risks as they move their supplier base out of the EU and invest precious cash reserves in stockpiling raw materials.

Whilst actual and forecast performance does show a slight recovery from the previous quarter, the number of SME manufacturers reporting an increase in turnover, profits, staffing and investment in new machinery and premises are all down compared to the same period in 2017.

 

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