The UK manufacturing industry has suffered a shock decline with output falling by 0.5% compared to this time time last year, and the PMI falling to 51.3 in the last month.
Exports also fell to their lowest level in 5 years showing signs that the economic recovery is slowing even when economists estimated manufacturing would grow 0.2%.
Manufacturing accounts for around 10% of the UK economy and is the only sector which has performed poorly and reported a decline. The main driver is thought to be a drop in non-EU trade, with trade to emerging markets falling by 18% in July when compared with June.
The UK is no longer the ‘workshop of the world’ but there have been some successes. The production levels of the UK car manufacturing industry was up 40% in August, compared to last year’s figures, with the UK producing over 1 million cars in 2015, a first since the financial crash in 2008.
This is now a crucial time, and by seeking out business partners to alleviate and reduce costs operators can focus on their business strategy and targets.
Outsourcing Facilities Management (FM) services puts problematic and time consuming issues in the hands of industry experts allowing operators to concentrate on boosting business growth.
Expert security teams have a proven track record of reducing shrinkage across manufacturing and distribution sites throughout the UK. By utilising FM services companies can focus on their strategy, boost productivity and make savings to reinvest back into the business.