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Manufacturing 

The UK manufacturing sector made a positive start to 2014. Domestic and export demand increases have fed through to employment improvements across the sector. The UK manufacturing sector showed the highest growth figures compared to the other sectors. The results of the Markit/CIPS UK Manufacturing PMI also support the sector’s UK gross domestic product (GDP)’s unexpectedly high increase for 2013 of 1.9 percent – the highest since 2007.

Globally, while the USA has shown solid underlying growth over the past year, the past month saw slower output. This has been linked in some part to the weather which had a negative impact on supplier deliveries. China is showing deteriorating manufacturing conditions which has been linked to their fragile economic conditions. Things look brighter at home, however – the UK seems to be ahead of the rest of the world, which we believe will continue.

 

Our manufacturing team has been working with manufacturers all over the world for many years and can bring insight and experience to every project. We know that business is individual and we work with each client in that spirit. .

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The UK Manufacturing Industry

UK Manufacturing Industry

Insights - UK

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Contact


Stephen Cooper

Stephen Cooper

Partner

KPMG in the UK

020 7311 8838

stephen.cooper@kpmg.co.uk