Manufacturing and Engineering Report 2019/20
Manufacturing & Engineering Annual Survey Report: UK SME manufacturers continue to grow and build resilience
Our MHA Manufacturing & Engineering Survey Report, now in its seventh year, is a go-to report when it comes to understanding the sector, its opportunities and challenges.
We benchmark SMEs across the UK to paint a national picture of the Manufacturing and Engineering sector. To broaden the content of this report and make it more useful as a benchmarking exercise we have changed our methodology this year. In addition to collecting responses to a client survey, we compare this to in-depth quantitative analysis which has been done in conjunction with our Data Insights team.
This years’ report reveals that while global economic conditions, Brexit/future trading tariffs and staff shortages impacted growth, SMEs remain buoyant and they’re building resilience by increasing their assets, reducing borrowing and re-evaluating supply chains.