Thursday, October 20, 2016

UK Manufacturing moves back into top 10

News this week that Britain has climbed to 9th place in world global manufacturing rankings is welcome. With annual output worth $247 billion annually this represents 10% Of Gross Added Value to the UK economy. Manufacturing accounts for 14% of business investment and 68% of R & D. And according to the OECD UK manufacturers have outperformed any country except the United States for job creation since 2010. As the UK prepares to re-engage directly with the wider world it seems manufacturing is in good shape.

No comments: