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.
Tags:
You may be interested in

US-China relations improve, yet industrial recession remains likely
For the first time this year, our global industrial production outlook for 2025 has been upgraded. However, we still anticipate an industrial recession in Q2 and Q3.
Find Out More
The Eurozone economy should escape a recession this year
Our revamped modelling shows that a recession is not imminent for the Eurozone and the big four despite the extreme trade policy uncertainty.
Find Out More
US court rulings deepen trade policy uncertainty
A recent court ruling challenges key tariffs from the Trump administration, sparking uncertainty in US trade policy. As legal battles unfold, businesses and policymakers face an unpredictable road ahead. What does this mean for the economy and global trade?
Find Out More
FOMC minutes – Recent events underscore Fed’s cautiousness
Fed officials remain cautious amid rising inflation and ongoing policy uncertainty. The latest FOMC meeting highlights the challenges facing the US economy and the Fed’s careful approach to managing risks. How will these factors shape the economic outlook moving forward?
Find Out More