英国制造商组织（Make UK）：2026年第二季度英国制造业展望报告（英文版）（25页）.pdf

1、MANUFACTURINGOUTLOOKQUARTER 2 2026With support from:and Manufacturing NIManufacturing Outlook Quarter 1 2025Manufacturing Outlook Quarter 2 20262ForewordFour years ago,British manufacturing suffered the worst energy market disruption seen for decades brought about by Russias invasion of Ukraine.At t

2、he time,soaring wholesale energy prices served to compound an already inflationary environment for British manufacturers,which saw the highest ever recorded balance figures for price-setting behaviour in Manufacturing Outlooks over thirty-year history.To give a sense of the significance of this shoc

3、k,the scale of this price-increasing activity in the industry was so severe that the economics team here at Make UK had to re-scale chart templates to accommodate the soaring data.Now,years on,the sector finds itself in an all too familiar predicament,with energy once again a driving force of hardsh

4、ip.The combination of factors that brought such difficulty to the sector in 2022 are bemusingly similar to those today.A war in a country in which the UK is not a belligerent,the wholesale cost of energy rapidly rising and wider business cost increases despite little evidence of economic growth.So w

5、hat must manufacturers do?For better or for worse,the sector is now well-versed in industrial crises over the past decade,but it also means we have a stronger intuition than ever before of what will likely happen next.We can already see in this edition of the report that the sector is cutting its in

6、vestment plans.This serves to further fuel a pessimistic outlook right the way into 2027 where growth isnt even forecast to be in single digit territory.Previously,when the sector has faced similar circumstances in the past decade,the first move has been to protect cash.This isnt limited to the curt