Join our community of smart investors

Manufacturers rein in spending plans as margins squeezed

Trade body Make UK downgrades sector growth outlook to 2.3 per cent, from 3.3 per cent six months ago, as manufacturers see higher inflation down the line
Manufacturers rein in spending plans as margins squeezed
  • Input price inflation outstrips price rises
  • Hiring and investment intentions are both slowing

Lobbying groups representing manufacturers are calling for the government to do more to promote investment and protect industry as firms in the sector report tougher economic conditions and a reduced appetite to spend more on their businesses.

Although both output and orders grew during the June quarter, the rate of order growth was described as “pedestrian” by Seamus Nevin, chief economist of manufacturing trade body Make UK on Tuesday.

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in