24 May 2022

Manufacturing optimism continues for 2022

Manufacturing day

By Aaron Blutstein

The last few weeks has seen manufacturers become significantly more optimistic about their prospects having weathered the storm of the last couple of years with almost three quarters of companies according to a recent Make UK survey now believing conditions for growth in the sector will improve in 2022. The more positive outlook for growth is reflected across all major markets with 40% of companies forecasting growth in exports to the United States, closely followed by the EU.

The optimism of the recent Make UK survey was also reflected by the extremely welcome Make UK Manufacturing Awards final in London recently which displayed the very best UK manufacturing and engineering talent and also illustrated how agile, innovative, and adaptable manufacturers have become. This is backed up by the survey which shows that almost two thirds of companies felt the UK to be a competitive location for manufacturing.