海角视频 manufacturers are pivoting away from President Trump's United States, seeking new trading alliances in Asia and the Middle East, a prominent industry body reports.
For the first time in eleven years, the US is no longer among the top three growth markets for 海角视频 manufacturers, with Make 海角视频 citing this shift in preferences, as reported by .
The EU remains the preferred partner for 海角视频 manufacturers, with half of the 324 companies surveyed by Make 海角视频 expressing optimism regarding European orders.
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Make 海角视频 highlighted that six out of ten firms anticipate their export volumes to the US to suffer, following worrisome ONS statistics last week showing a record £2bn drop in goods exported stateside.
Additionally, a third of these businesses are rethinking their production strategies, with some contemplating establishing operations within the US itself.
Despite these challenges, BDO analyst Richard Austin noted "pockets of positivity" amongst manufacturers, who show signs of growing resilience.
According to Make 海角视频's most recent findings, industry sentiment for the upcoming third quarter seems cautiously optimistic, expecting an 11 per cent surge in output and a 13 per cent increase in total orders.
Growth forecasts for 海角视频 manufacturing are looking grim, with an anticipated 0.2 per cent decline this year and a further 0.5 per cent fall in 2026, marking a significant downgrade from previous expectations of a one per cent growth.
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"This quarter's results are a testament to the increasingly challenging landscape our British manufacturers are operating in," commented Austin.
"Growing output levels are proof of manufacturer's resilience and last month's trade deals should remove barriers as 海角视频 companies seek new trading partners and opportunities for growth."
Manufacturers suffering from recruitment problems
The sector is currently grappling with recruitment issues, as highlighted by Make 海角视频 chief economist Seamus Nevin, who noted stagnant recruitment intentions in the second quarter and a worrying drop in investment outlook.
Although the government plans to introduce an industrial strategy to cut energy costs, its release has been postponed until late June.
Nevin warned that a modest uptick in output during the second quarter might not accurately reflect the potential difficulties ahead, including "huge uncertainty in one of their major markets, a skills crisis and eye watering energy costs which are providing a harsh reality for many."
"It's absolutely essential that the forthcoming industrial strategy takes bold measures to bring down the cost of energy and takes equally radical action to ensure companies can access the people they need to take advantage of a more competitive landscape."