Key economies and markets with the lack of access to capital will make 2012 a very difficult year for the majority of north west manufacturers, say the Manchester office of accountants and business advisers BDO. However, the firm said government initiatives to promote innovation and export opportunities in emerging markets provide some rays of hope.
Manchester partner Philip Storer said: “After 30 years of decline, there is now widespread consensus that a strong and vibrant manufacturing sector is fundamental to the economy.”
“In 2012 we expect that the government will continue to focus attention on the rebuilding of manufacturing.”