Our Investment Monitor 2016 survey identifies investment intentions and trends in UK manufacturing. The backdrop to this year’s survey is one of elevated uncertainty; the UK’s vote to leave the EU on 23 June has generated an increasingly complex macroeconomic environment. Since the referendum, economists and policy-makers alike have been trying to gauge the impact of this uncertainty on the real economy.
The manufacturing sector is responsible for 14% of all business investment and 67% of all business expenditure on R&D in the UK. As such, manufacturers’ investment plans will have a substantial bearing on the investment momentum of the economy as a whole.
Our survey provides a first peek into manufacturing investment in the post-Referendum period. What’s more, the report provides survey evidence from March and August, the periods preceding and succeeding the EU referendum. By comparing these two datasets we can identify with some degree of confidence the change in investment intentions in the manufacturing industry as a result of the Brexit vote.
For more information, please contact Charles Garfit, Head of Manufacturing at Santander Corporate & Commercial.
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