Manufacturing orders increase after no-deal brexit avoided
A survey conducted by the Confederations of British Industry (CBI) shows that there has been an increase in orders for British manufacturers during November, although this was against a backdrop of near decade lows. It is believed that the avoidance of a no-deal Brexit is one of the main reasons for such an increase. The level of orders in October was the worst in nine years.
The CBI have said that they think manufacturing output will be flat in the next three months as the new Brexit deadline of January 31 set by the European Union begins to move closer.
Anna Leach, CBI’s deputy chief economist commented: “While the thick fog of uncertainty from a no-deal Brexit has lifted somewhat, the manufacturing sector remains under pressure from weak global trade and a subdued domestic economy.”
How can we help
At Hawsons we have a dedicated team of manufacturing accountants at our offices in Sheffield, Doncaster, and Northampton. Our specialist team offers a wide range of services which are tailored to meet your individual needs. Our understanding of the issues faced by the manufacturing and engineering businesses means that we can proactively seek out ways for you to maximise your profitability and minimise your tax liabilities.
If you would like to book your first free initial meeting with us click here.
If you would like to find out more information about our manufacturing services click here.
More from our manufacturing experts
You can find all of our latest manufacturing sector news and newsletters here.
If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.
Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.
Free initial meeting
Senior Partner, Sheffield