Press releases

Decline in UK manufacturing sentiment: manufacturers become more cautious

1 November 2018

Commenting on the IHS Markit/CIPS UK Manufacturing PMI, which went from 53.6 in September to 51.1 in October, Duncan Johnston, UK manufacturing industry leader at Deloitte, said:

“The decline in the October PMI data reflects manufacturers’ concerns about global trade tensions and the impact of Brexit on the sector. In line with the results of the latest CBI Industrial Trends survey, both new domestic and export orders are declining. For the first time in more than two years, employment in the sector also fell, with the reduction mostly seen in larger businesses. Manufacturers are becoming noticeably more cautious about the prospects for the sector, resulting in an impact on hiring and investment decisions.

“The survey responses were gathered before this week’s budget, which provided a welcome boost for manufacturers. An announcement that has received little attention, was the £121m of additional funding for the Made Smarter campaign. This will see the government continue to invest in technological innovation and the transformation of the UK manufacturing industry, which is central to its long term future. It is encouraging to see the government allocating resourcing to new technologies such as the Internet of Things.”


Note to editors

About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.

Please see for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NWE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press.

For more information, please visit

Member of Deloitte Touche Tohmatsu Limited

Did you find this useful?