The UK’s manufacturing sector drops to 12th in world rankings, analysis shows
Make UK, which represents manufacturers in the UK, has released its annual analysis of UK manufacturing in its report UK manufacturing: the facts 2024. The latest analysis of UK manufacturing from Make UK, formerly the Engineering Employers’ Federation, includes a wide variety of data about the contribution of UK manufacturing to the economy including exports, sectoral breakdown, R&D investment, salary levels and how the UK compares to other nations. The data reveals that the sector contributed £217bn in output to the economy last year, supporting 2.6 million jobs. Firms are investing more than in 2023, with £38.8bn worth of investment taking place. China remains the largest manufacturing nation with output worth $5.06tn (almost a third of global production), followed by the US with …