1、IDEAS|PEOPLE|TRUSTIn partnership with:MANUFACTURINGOUTLOOKWith support from:and Manufacturing NI2024 QUARTER 4MANUFACTURING OUTLOOK 2024 QUARTER 42Job No:53857Proof Event:3Park Communications LtdAlpine WayLondon E6 6LACustomer:MakeUKProject Title:Manufacturing Outlook 2024 Q4T:0207 055 6500F:020 705

2、5 6600MANUFACTURING OUTLOOK 2023 QUARTER 2MANUFACTURING OUTLOOK 2024 QUARTER 4Seamus NevinChief EconomistMake UKJohn Steinbecks Pulitzer Prize winning novel The Grapes of Wrath,narrates the displacement of the Joad family as they are forced to give up their farm due to the challenges of the Great De

3、pression and the environmental devastation of the Dust Bowl.In the familys struggles and financial challenges,Steinbeck captures the stark realities of economic hardship,as farmers once full of hope find themselves crushed by circumstances beyond their control.Their journey reflects how external eco

4、nomic forces can burden even the most resilient,hardworking people.The Joads saga captures the social and political dynamics of the time,but its sentiments speak to many farming families feeling battered by new fiscal burdens today.While most media coverage of the Autumn Statement has focused on Bri

5、tish farmers,manufacturers too are grappling with external pressures and cost increases that threaten to pull them under.As this quarters Manufacturing Outlook survey shows,family firms once buoyed by optimism,may find themselves struggling to stay afloat.Though recruitment and investment intentions

6、 remain stable,the mood among companies has darkened markedly since the Chancellors Autumn Statement.Confidence among UK manufacturers has dipped sharply to the lowest level in a year.That contrasts sharply with our previous Make UK/BDO survey when almost six in ten companies(58%)were looking ahead