Share this

Manufacturing Barometer special focus: COVID-19 Recovery and Future Growth Prospects

Manufacturing Barometer special focus: COVID-19 Recovery and Future Growth Prospects

SME manufacturers require support to rebuild supply chains, or identify new high demand products, as they adapt to operating in the ‘New Normal’.

This quarters survey shows that, whilst manufacturers are still in negative territory since the COVID-19 crisis began, there has been a marked improvement since the previous Barometer in March, which showed the bleakest outlook in over a decade.

The latest findings show an improvement from the previous quarter, with some businesses feeling more optimistic about future growth. However, 38% of respondents have been forced to pause production as a result of customers and/or suppliers being closed, which is having a negative effect on sales and profits.