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Manufacturers are buoyant as demand strengthens

KPMG comment on the latest Manufacturing PMI

KPMG comment on the latest Manufacturing PMI

Simon Jonsson, head of industrial products at KPMG UK, said:

“Manufacturers are buoyant as demand strengthens and the recovery continues. While inflation remains on the worry list, the extent of its impact does not appear to be high and is not yet stymieing growth.

“Investment in skills and job creation across the sector is now needed to ensure the rebound doesn’t prove short-lived. The shortage of HGV drivers, for example, will begin to impact orders and stock levels across the supply chain should the issue become more widespread.

“In turn, such investment will make a strong case for manufacturers hoping to be on the receiving end of future Government support to drive growth in a post-Brexit world.”

ENDS

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About KPMG UK

KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 16,000 partners and staff.  The UK firm recorded a revenue of £2.3 billion in the year ended 30 September 2020.

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

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