EMI Schemes and Entrepreneurs Relief
An ear full of cider...

UK Manufacturing - Reasons to be Cheerful

Percentage of World Manufacturing

Are there any? Well possibly. I was reading the Enlightened Economist blog and it mentioned some manufacturing statistics from Peter Marsh’s forthcoming book The New Industrial Revolution: Consumers, Globalization and the End of Mass Production.

This showed of course China up at the top, but the UK at number 10. Russia absent, and the usual european powerhouses Germany, France and Italy. Possibly surprising given all the positive press about Samsung conquering the world is that Korea isn't higher up the table.



In the hope of representing the statistics to show the UK in a better light, I thought it'd be Percentage of World Manufacturing_Population interesting (and possibly meaningful) to see how the UK fared once one accounts for population.

And the answer is rather better at number 6 behind Japan, Germany, US, Korea, and Italy. That said this isn't great news as those below us in this chart are all BRICS bar France.

So we shouldn't beat ourselves up about manufacturing as we're still in the top ten.  

However what we should be worried about is exporting.   If you take a look at where we're selling our manufactured output.   We are selling more to China than before, not just scrap metal now, but we're still too dependent on exports to weaker european economies.

Pigs v bricsThis chart - from the Financial Times blog by Chris Giles shows that to much of our exports go to the soft economies of southern Europe; the PIGS (Portugal, Italy, Greece and Spain). 

However one reason to be moderately cheerful is that our exports to the BRICS are coming up.

Let's not get too carried away though - they've only just passed Ireland on our export league table.

Could try harder.


coach factory outlet

With regard to abundance the best colleagues know mankind; with regard to adversity children our favorite colleagues. coach factory outlet http://coachoutletstore33.com/

The comments to this entry are closed.