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英国制造商组织&立信:2025年第四季度英国制造业展望报告(英文版)(26页).pdf

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1、MANUFACTURINGOUTLOOKQUARTER 4 2025With support from:and Manufacturing NIIn partnership withManufacturing Outlook Quarter 1 2025Manufacturing Outlook Quarter 4 20252ForewordThe Governments latest budget brought with it a much-needed calm to the industry following a period of uncertainty generated by

2、a merry-go-round of news that seemingly revealed key aspects of the upcoming statement ahead of time.However,quelling the industrys anxiety was not a result of the Budget being better than hoped,but rather it not being as challenging as the markets had feared.This reality mirrors the movement of man

3、ufacturing activity in the second half of this year,as industrial performance has outperformed market expectations according to our latest survey data.In addition,manufacturers own expectations for this quarter were not met,suggesting that more growth should have been achieved.However,we should revi

4、ew the overconfidence of manufacturing businesses through a positive lens here.Despite the rising tax burden and incoming increases in costs,manufacturers are focused on growth.Manufacturers across the UK tell us that their production levels remain strong,though slightly weaker than in the third qua

5、rter of this year.The bulk of this growth arose from the domestic market as order books returned following a temporary scare that shook the automotive sector and any businesses associated with its supply chain.Government intervention alleviated this challenge swiftly,demonstrating how public support

6、 can protect jobs in times of crisis.International trade activity continues to perform as experienced exporters grapple with the impact of US tariffs on bilateral trade relations.However,we are concerned that manufacturers are telling us that export performance will be weaker at the start of the new

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- **制造业展望**:2025年第四季度,英国制造业展现出韧性,尽管面临挑战,但整体表现优于市场预期。 - **生产与订单**:产出平衡从+25%降至+13%,订单增长从+16%降至+11%,但整体仍处于扩张状态。 - **就业与投资**:招聘活动放缓,但投资意向保持强劲,失业率上升至疫情以来的最高水平。 - **价格与利润**:材料成本稳定,利润率显著改善,但未来预期有所下降。 - **区域差异**:威尔士、东南部和伦敦以及西米德兰兹地区的信心水平最高,约克郡和亨伯地区及东米德兰兹和东北地区的信心水平最低。 - **经济环境**:经济增长放缓,但通胀压力有所缓解,预计2026年增长将放缓。 - **行业预测**:食品饮料、电子和机械设备等子行业预计将增长,而基本金属和金属产品等子行业预计将收缩。
**制造业展望如何?** **2025年英国制造业面临哪些挑战?** **英国制造业增长动力何在?**
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