Commenting on today’s PMI data, James Brougham, Senior Economist at Make UK, said:
“While the data remains in positive territory, it’s at the lowest level since the easing of the first national lockdown. While the recently announced month-long extension to the Job Retention Scheme will put the brakes on the rate of job losses, manufacturers will experience a foreboding déjà vu as they face the exceptional operational challenges induced by another national lockdown.
“It’s clear that this crisis has many months to run at the very least. As such, Government must now work with industry and look at longer term measures to support businesses and protect jobs. If that means thinking the unthinkable then that’s what we must do with nothing off the table.”