Press releases

Deloitte's UK manufacturing leader, James Williams, comments on today’s PMI figures

01 February 2023

The PMI  Index continues to contract – remaining at a sub-50.0 level. Indications are that the recession in UK manufacturing will continue well into the summer as demand from customers remains weak globally.

British manufacturers are having to direct their attention and resources to navigating through these difficult times, rather than investing in the opportunities offered by Industry 4.0. This will be crucial to maintaining competitiveness and sustainability in the long term.

-End-

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 deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NSE 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 www.deloitte.co.uk.

Fullwidth SCC. Do not delete! This box/component contains JavaScript that is needed on this page. This message will not be visible when page is activated.

Did you find this useful?