Our 2017/18 Fact Card – the main changes compared to last year

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Today we published the latest version of our annual manufacturing fact card. You can also listen to a 10 minute podcast summarising the key changes since last year. Key things to note:

  • UK manufacturing provides our link to the world contributing 44% of total exports
  • The sector is the driving force behind unlocking our future sources of income undertaking 70% of UK business R&D
  • Manufacturers contribute to boosting living standards, with average pay in the sector (£32,047) continuing to race ahead of the whole economy average

What’s changed since last year? Content:

  • We now include the top 10 sources of manufactured imports
  • Given the current negotiations, we also added manufactured exports from each UK region to the EU
  • To show the diversity of the sector we’ve also included the demand profile for each sub-sector of manufacturing – basically showing where output from each sub-sector goes

What’s changed since last year? Data

There have been a couple of small changes (rather than big fluctuations) in the data this year highlighting the stability of the sector in overlooking political instability and getting on with it:

  • There are now 2.6 million people employed in manufacturing down from 2.7 million
  • Regional employment has declined or stayed the same in every region except East Midlands, Yorks and Humber and South West
  • We now contribute 44% of UK exports, not 45%, and 13% of business investment, down from 14%
  • Our contribution to business R&D is up – now 70% to 68% last year
  • Our main export markets have remained the same, the main change in rankings is Switzerland which has gone from 10th to 6th pushing all the others down one place

Of course the main change is on current prices, in 2015 (the latest data available) Britain is the 8th largest manufacturing nation in the world.

8th-largest-mfg-in-the-world

You can download the fact card here: www.eef.org.uk/ukmfgfacts

Author

Head of Business Environment Policy

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