2024 Q4 UK factory output forecast to rise +33% after Labour Party's election win, with 58% believing it will boost economic growth.

A survey by Make UK and BDO indicates a shift in outlook for UK manufacturers following the Labour Party's election win, despite recent declines in output and new orders. Factory output fell to -2% in Q3, but respondents forecast a rise to +33% by Q4 2024. Notably, 58% believe the new government will boost economic growth. The survey also calls for reforms in apprenticeship funding and alignment with EU trade to support stability.

September 16, 2024
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