The latest Contract Manufacturing Index (CMI) shows the UK subcontract manufacturing market continued to fall in the third quarter of 2019, down 15% on the second quarter, which itself saw a 37% drop compared to the first three months of the year.
Despite uncertainty for the UK manufacturing industry as a whole, the subcontract and contract manufacturing sector remained strong in 2018 and was up 31% on the previous year. This is according to the latest Contract Manufacturing Index (CMI) figures.
The latest Contract Manufacturing Index (CMI) figures reveal that the market for subcontract manufacturing was extremely healthy in the first three months of 2018, up 72% on a disappointing final quarter in 2017.
The latest Contract Manufacturing Index (CMI) figures show that the market for contract and subcontract manufacturing reached a new high in 2017 – but a poor fourth quarter pointed to uncertain times ahead.
Despite negative indicators such as the fall in UK productivity and decline in new car registrations, Britain’s contract and subcontract manufacturing market appears to be going from strength to strength.