Steady growth in subcontract sector

The latest Contract Manufacturing Index shows that despite underlying volatility, the UK subcontract manufacturing market grew steadily through the second quarter of 2022, registering 13% growth with a particularly sharp rise (42%) in fabrication services. Sourcing specialist Qimtek produces the CMI, which reflects the total purchasing budget for outsourced manufacturing of over 4000 companies looking to place business in any given month.

The baseline for the index is 100, which represents the average size of the subcontract manufacturing market between 2014 and 2018. In the second quarter of 2022, the CMI was 101, compared with 89 for the first quarter of the year. The strongest sector was industrial machinery, which was also the top sector in Q1 and grew by 10% in Q2.
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