UK Manufacturers Growing in Confidence Despite Recent Challenges
• UK manufacturers now see the UK as more competitive than Germany, France, Spain, and Italy • Over half of manufacturers think the UK is more competitive than a year ago • Manufacturers are more optimistic about prospects in 2024 after difficult pandemic and energy price years • Nearly half believe manufacturing conditions will improve in the coming year • Manufacturers plan to invest in new products, markets, and digital technologies like AI to drive efficiency gains