close
Share with your friends

Confidence is high among manufacturers

Comment from Simon Jonsson, head of industrial products at KPMG UK

Comment from Simon Jonsson, head of industrial products at KPMG UK

Commenting on today’s IHS Markit/CIPS Manufacturing Purchasing Managers' Index (PMI) Simon Jonsson, head of industrial products at KPMG UK, said:

“Confidence is high among manufacturers as demand continues to soar but there’s a danger that many are only seeing the weather in front of them. Our closest European neighbours, France and Germany, are also witnessing similar levels of demand for their products. Supply chain bottlenecks are now starting to appear in Germany and fingers are crossed we will not see the same elsewhere.

“There are increasing worries about the risks of inflation and strains in the labour market due to skills shortages, while the government is also starting to look at the prospect of an increase in unemployment once support measures are eased, which threatens to stymie the recovery.” 

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal