SJD Accountancy

New opportunities for contractors in the manufacturing sector

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According to new data released by the Jobrapido recruitment website, there was a 2.28% increase in new opportunities for contractors and other workers within the manufacturing sector last year. The industry saw consistent growth throughout 2016, despite the EU referendum.

A figure of 2.28% may not seem that much overall, but taking the Brexit vote into account, it’s a positive and encouraging upward trend – and one which was actually significantly higher in certain areas of the country. For example, vacancies in the South East of England rose by 9.25%, in Wales they rose by 12,36% and in Northern Ireland they rose by a sizeable 12.95%.

Figures were lower in other areas, but still very positive, with a growth in new opportunities of 6.73% in Yorkshire and the Humber, 4.54% in London, 3.31% in East Anglia, 1.56% in the north West of England and 1.22% in the South West.

Commenting on these findings, Jobrapido’s Chief Executive Officer Rob Brouwer said, “These figures suggest that Brexit appears to have had less of an effect on the manufacturing sector in the UK than some had previously anticipated. In fact, in some areas, such as Wales and the South East, the data reportedly shows that the manufacturing sector is in a better state ending 2016 than it has been in previous years.

I won’t be until after the official Brexit process is triggered early this year that the full effects of Britain leaving the EU are seen on the jobs market, but manufacturing’s performance in the last year suggests that the sector is in a strong position to cope in the post-Brexit era.”

Jobrapido’s findings are supported by figures from the most recent manufacturing Purchasing Managers’ Index from the Chartered Institute of Purchasing and Supply (CIPS) and Markit, which put the activity in the manufacturing sector at the highest level for two and a half years.

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