North West growth in manufacturing sector leading the way for UK
According to the manufacturing organization EEF, the North West is the pivotal driving force for UK manufacturing and ultimately a critical factor in the region’s economic growth.
Stats show this sector employs over 315,000 people in the region and is worth £16bn to the economy overall, this is close to 13% of the UK’s overall manufacturing output.
The growth has typically been driven by various industries such as food, pharmaceuticals, chemicals and healthcare, as well as the aerospace and automotive sectors which also have a major bearing on the logistics and supply chain divisions. These areas have seen a significant investment recently, ultimately spelling out desperately good news for the industry.
Comprehendingly the “Growth is also being driven largely by manufacturing exports which have increased by 34% in the past five years, especially to emerging economies such as Brazil, Russia, India and China.”
EEF North West director David Ost said: “Manufacturing has always been critical to the North West economy and the latest data only serves to underline its continued importance.
"At a time when we need to rebalance our economy and export our way to economic growth, policymakers across the region need to recognize its importance and do all they can to boost investment in our manufacturing base."
EEF data has stated wages across the board in manufacturing are higher than the rest of the economy, output an hour in manufacturing over the past ten years is almost three times that of the economy overall.
From a business perspective, this will hopefully drive production levels through the roof at Core Talent and see a prosperous time at the company.
If you are interested in learning about the opportunites we have that are suitable to you, you can contact Core Talent by calling 0161 832 1378 or by emailing us, alternatively take a look at the jobs section of our website to see our live vacancies.
June 29, 2012 | Share: