英国制造商组织&立信：2026年第一季度英国制造业展望报告（英文版）（26页）.pdf

1、MANUFACTURINGOUTLOOKQUARTER 1 2026With support from:and Manufacturing NIManufacturing Outlook Quarter 1 2025Manufacturing Outlook Quarter 1 20262ForewordThe Governments recent Spring Statement highlighted the strong fiscal position the UK economy found itself in the first quarter of the year.However

2、,as global instability grows in parallel to our fiscal health it was not surprising that the statement needed to communicate a balanced view.The Chancellor referenced stability and security in the UK almost twice as many times as there were references to insecurity and uncertainty a reflection that

3、was evidently intentional to avoid spooking the markets.On balance the positive messaging outweighed the negative despite the Office for Budget Responsibility downgrading our GDP growth forecast for this year.Though,on the ground,many businesses will say the day-to-day experience of managing a busin

4、ess are more challenging than they seem on paper,with old anxieties returning as the probability of a brand-new energy crisis grows for each day the conflict in the Middle East continues.Our latest Manufacturing Outlook survey highlights a similar situation,with the surface reporting growth but nove

5、l challenges are being masked by our stellar economic performances.Businesses reported a broadly resilient view of the UK manufacturing sector.Production volumes have expanded and international trade performance remains robust,particularly as demand from Europe remains high.Employment has improved s

6、lightly on the last quarter,and investment remains actively stable.Confidence remains high,despite a marginal decline since the last quarter,but this points to continued optimism from manufacturers.But with global instability on the rise,economic disruptions are set to ameliorate,with an acceleratio