Industry Analysis & Industry Trends
Industry performance has been weak over the past five years. Domestic demand fell at the start of the period, as the lingering effects of the economic downturn caused many key downstream industries to reduce capital spending. However, the industry returned to growth in the following years, as some downstream firms increased spending when economic conditions rebounded. Exports also increased, aided by reputation and quality advantages enjoyed by UK manufacturers. Nevertheless, import competition intensified and curtailed industry expansion.
Demand conditions varied considerably between downstream industries... purchase to read more
Industry Report - Industry Analysis Chapter
The industry has endured weak conditions during the past five years. Domestic demand declined at the start of the period due to the challenges facing many downstream industries, which caused industry revenue to shrink. However, rebounding economic conditions enabled operators in some downstream industries to increase their capital spending budgets. This, coupled with rising exports, allowed the industry to return to mild growth in the following years. Nevertheless, import competition intensified and curtailed industry expansion. Overall, revenue is projected to increase at a compound annual rate of 0.4% over the five years through 2016-17.
Revenue is estimated to increase by 0.3% t.. purchase to read more