PwC's industrial manufacturing leader, Cara Haffey, comments on why strong domestic and export demand is vital for UK manufacturing following today's PMI survey.
"It’s encouraging to see a balance of both domestic and export demand driving growth across manufacturing. The importance of a strong level of domestic demand is crucial, particularly given some of the uncertainties that exist around the future shape and terms of export arrangements.
“Equally important is the need for the supply chain to keep pace with the current levels of growth within the sector.
“Investment in capacity is vital to ensure lead times remain competitive and input price rises don't begin to dampen the strong level of momentum that we are seeing in UK manufacturing."
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2017 PwC. All rights reserved