Deloitte comment on UK manufacturing output figures
12 January 2016
Commenting on the Office for National Statistics’ Index of Production figures for November released today, Mark Stephenson, UK manufacturing industry leader at Deloitte, said:
“November’s manufacturing output highlights the difficulties UK manufacturers continue to face.
“The Pound remains relatively strong, particularly when compared to the Euro. This makes for very tough exporting conditions to the UK’s largest single market for manufactured goods.
“Unexpectedly poor factory output in China has not only dented investor and business confidence, but introduces demand concerns for suppliers to China and supply chain risk for those dependent on Chinese components.
“In spite of the output data, UK manufacturing continues to be very competitive with some of the most innovative businesses and skilled talent in the world. The UK PMI remains above 50 and UK manufacturing should prove to be relatively resilient in 2016.”
Notes to editors
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.
The information contained in this press release is correct at the time of going to press.
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