Subcontracting proves resilient

After a slack final quarter in 2017, the subcontract manufacturing market seems to be shrugging off concerns about Brexit. The value of the UK contract and subcontract market rose by nearly 11% in the first quarter of 2017 compared with the final quarter of 2016, according to the latest Qimtek Contract Manufacturing Index (CMI) figures. Machining proved particularly strong in the first quarter of 2017 – up 15% on Q4 2016. It was down by 8% though compared with a particularly strong period for machining in the first three months of 2016. Fabrication more than held its own, up 13% on the previous quarter and 19% on the equivalent quarter last year.
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