The latest Contract Manufacturing Index shows that 2021 was a volatile year for the subcontract market with large dips in May and September but strong peaks in August and November. Overall though, the result was good, with the market 10% higher on average than the previous year. The final quarter showed the traditional year-end slump, compounded by supply chain issues, but nevertheless, with a CMI of 110 it was only down 6% on the previous quarter and 64% up on the same period in the previous year. Across 2021, the strongest market sector was industrial machinery.

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