The structural reforms undertaken by manufacturers over the past decade are likely to cushion the blow from the global and domestic slowdowns. But the sector is still likely to enter a recession this year, adding to a consumer slowdown rather than offsetting it. But the sharp fall in the pound may mean that the sector performs well relative to the wider economy next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services