UK Manufacturing, The facts 2018/19
- Productivity growth: 3.1% across 2012 to 2017 for manufacturing, but significant sector differences.
- Whole economy productivity growth was 2.4% and services 2.4% across the same period.Average pay outpacing:
- Manufacturing pay is £3,358 higher than whole economy and £4,188 higher than services, at £32,467 for manufacturing – all manufacturing sub-sectors except food and drink have higher average wages than the service sector.
- Exports still solid: now 45% of UK exports come from the sector. The UK is 4th in the world for exports (10th for goods, 2nd for services).
