Q2 was the worst on record for the UK economy, as lockdown took its toll on all sectors. Manufacturing didn’t escape, with unprecedented lows recorded in both confidence and investment intention. Now, as we’ll discuss shortly, things have started to pick up, but we’re by no means on a smooth road to recovery. In the past couple of weeks, COVID cases have begun to pick up again, leading to fears of a return to the lockdown conditions of earlier in the year – and all the knock-on effects that will have for businesses. Of course, there’s also the challenge of Brexit and all the uncertainty that will bring for businesses. All in all, it’s shaping up to be a turbulent few months – or even years – ahead. To explore the implications of all this on UK manufacturing, MM editor Chris Beck is joined by Tom Lawton, head of manufacturing at BDO, and Fhaheen Khan, a senior economist at Make UK.
Q3 Economic Review: A Manufacturing Management Live Panel
The latest MM Live Panel looks at the results of the latest Manufacturing Outlook report, produced by manufacturers organisation, Make UK and accountancy and business advisory firm BDO, which looked at the sector’s performance in the third quarter of 2020.