none
none

WALES MANUFACTURING OUTSTRIPS UK GROWTH

02-08-2016
by 
in 

The often-unassuming country of Wales has seen an almost 7% growth in manufacturing firms over the previous year, expanding faster than the rest of the United Kingdom.

Collectively, these firms (and the manufacturing industry as a whole) employ 165,000 people across Wales.

This growth, while it might be slowed by future economic disruption, promises a strong future for the Welsh economy, and increased certainty for the blue-collar workers of the UK that have been feeling increasingly left behind in a rapidly globalizing European Union.

Despite this, the confidence of workers has dropped since the Brexit referendum.

The decision to potentially depart the EU was in part motivated by those who felt it would bring local manufacturing back to the UK, but a recently conducted poll shows that the Welsh confidence vote has dropped from 6.5 to 5.1 out of 10.

“Exchange rate volatility, political uncertainty and the danger of increased costs are already causing concern and business confidence is in short supply. But our sector is nothing if not dynamic, determined and resilient,” said Paul Byard, the Director for Wales at EEF, a UK manufacturing support organization.

Related news & editorials

  1. DrumBlaster in use
    12.12.2017
    12.12.2017
    by      In
    An Australian innovation is starting to garner success at home and abroad, with increasing numbers of export orders for DrumBlaster. The company’s innovative buildup control technology system virtually eliminates residual concrete buildup in ready mix truck drums.
    “It is gratifying that after five... Read More
  2. 12.12.2017
    12.12.2017
    by      In
    A major new research centre aims to transform Australia's automotive industry by developing new lightweight materials and manufacturing technologies, making cars more fuel-efficient and reducing carbon dioxide emissions.
    The ARC Training Centre in Lightweight Automotive Structures (ATLAS) has been... Read More
  3. 12.12.2017
    12.12.2017
    by      In
    South Australia has rated in the world’s top three places to explore for oil and gas in a newly released global survey by the Fraser Institute in Canada.
    The respected public policy think tank asks petroleum industry executives each year for their views about barriers to investment in jurisdictions... Read More
  4. 12.12.2017
    12.12.2017
    by      In
    Mineral explorers and researchers from around the world will gain an unprecedented look at rocks from deep below the world-famous Nullarbor Plain.
    The Geological Survey of South Australia (GSSA ) will display 12 trays of drill core rom the South Australian Government’s $3 million PACE Copper... Read More