Resurgence in UK Manufacturing

Resurgence in UK Manufacturing

The fall in value of sterling probably meant that you didn’t get a great exchange rate for your summer holiday and the value continues to drop. This may sound like devastating news, but there are considerable advantages to being in this financial position. One clear example is that British goods are currently competitively priced in the global market.

The favourable exchange rate for British exporters is one of the primary factors that have driven manufacturing growth in September. According to the Markit/CIPS PMI, the rate of expansion last month was the highest in two years. The weakening pound boosted sales to Asia, Europe and the US. As a result, shares in British manufacturing companies have risen in value and demand.

It’s not just exporters that are excelling, there is also a favourable picture for UK produced goods being sold to the UK consumer market. The rise in online shopping, with convenience it offers, has helped to drive growth and it has also had a positive impact on UK packaging manufacturers including Aylesbury Box Company.

As cardboard box manufacturers, we can supply exactly what other manufacturers need in order to protect their goods through storage delivery and display. We produce boxes in stunning designs as well as printed boxes that help to market their products and increase sales.

A Bright Future for Manufacturing

The great news is that these factors are contributing to Britain regaining its reputation as an industrial nation. The EEF/Santander Manufacturing Fact Card rates the UK as the 9^th largest industrial nation. What’s more, UK manufacturing is out-performing every other nation, except the US, for job creation since 2010.

Across the UK there are strong manufacturing sectors and opportunities for young people to enter a productive industry. As an example, London and the South East are leading in food and beverage, pharmaceutical and transport manufacture, whilst the North West, East and West Midlands are the dominant areas for automotive and aerospace manufacture.

Manufacturing might not be the first career choice that springs to mind, but with the opportunity to get productive, develop specialist skills and drive innovation in a growth sector, we encourage more young people to consider apprenticeships, courses and opportunities in manufacturing.