In the media | 16 Apr 2024

The Business Magazine: Report reveals ‘True Impact’ of manufacturing is much bigger than thought

In a joint report with the Manufacturing Technologies Association (MTA), we examine how manufacturing impacts the UK economy. Our findings show that ‘making things’ accounts for 34.5 per cent of all UK goods and services exports, whilst the median wage is £31,300 – 11 per cent higher than the national median wage.

Read the full article below:

To explore our latest research, consulting reports and blog posts from our team of experts, on the topics that matter to you, check out Resource Hub – Oxford Economics.

You may be interested in

Europe: What Trump 2.0 means for Central and Eastern Europe

Central and Eastern European economies are among the most exposed to the impact of Trump policies due to their large, export-oriented manufacturing sectors and sovereign currencies.

Find Out More
2024 Global Valve and Actuator Market Outlook

We expect the global valves market to register an increase of 3.6% in 2024 and 4.1% in 2025, with the actuator market expected to grow at a similar pace.

Find Out More
The Economic Impact of the EU Tyre Manufacturing Industry

This report assesses the impact of the tyre manufacturing industry on the EU economy through an economic impact assessment, trade analysis, and analysis of the tyre manufacturer's R&D spending in the region.

Find Out More
EV shift could pose a big challenge to Japanese economy

Amid the fast-progressing electric vehicle (EV) shift, maintaining high competitiveness in auto-related sectors and ensuring a smooth labour transition across industries are crucial for the growth of the Japanese economy. As auto production shifts towards EVs, which require different inputs from traditional internal combustion engine cars, parts suppliers will need to adapt to avoid losing market share to foreign players. Change in automotive supply chains would also require workers to move across different industries, a task particularly challenging for Japan.

Find Out More