In the first half of 2016 we had seen growing optimism in the manufacturing sector, but these gains look to have gone into reverse following the EU referendum. Confidence has taken a knock in every region in England and Wales, while expectations among manufacturers around the performance of their business over the next six to twelve months look materially more downbeat.
However, the referendum hasn’t been the only factor affecting manufacturing growth in the regions over the past year. A number of global economic trends have been at play over this period acting either as a drag or a boon on manufacturing activity. The distribution of industries around the country means that economic factors have played out differently in each region.
See how the regions reported their outlook:
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