In July, we see a weakening of UK manufacturing sector due to the slowdown in the global economy and the uncertainty and undesirability of recent Brexit activities. Production volumes have declined over the past seven years as clients delayed or cancelled orders that resulting in reduced new work intakes from domestic and foreign markets.
The lethal mix of factors such as economic uncertainty and low levels of output hit the manufacturing sector for seven years, leading to a contraction in the sector for the third consecutive month in July.
Weakening of the competitive environment reduces the likelihood of revival in the coming months. Some companies are optimistic in this situation, with more than two-fifths expecting higher output and production.