By destination, a number of regions have strong exposure to the EU, making them potentially vulnerable to a hard Brexit.
These include Wales, where two thirds of all manufacturing exports go to Europe (60 percent to the EU), the North East (59 percent to the EU), East Midlands (54.9 percent to the EU) and East of England (52.5 percent to the EU).
Hopley said: "Brexit is a key uncertainty. There is varying exposure to EU markets depending where you are in Britain. The impact, from a trade point of view, depends on where you are in the country but Brexit uniformly weighing on investment intentions, and that is a weak point in our survey across all parts of the country in the past year."
Other regions have greater exposure elsewhere, with the North West being the biggest exporter to the Middle East and North Africa, and the West Midlands being the biggest exporter to Asia, Oceania and the U.S..
The uncertainty at the post-2019 trading relationship with the EU is being compounded by rising global trade tensions, with particular concerns for metal manufacturers in the West Midlands and Yorkshire and Humber, as a result of U.S. tariff war.
"There are risks of escalating trade tensions prompted by U.S. actions. The metals industry, especially in Yorkshire and Wales, might be affected. And if the U.S. tariffs hit automotive industries across Europe that will hit the Midlands and the North West of England," said Hopley.
【国际英语资讯:Brexit worries, trade war fears may follow good year for UKs manufacturing: analysis】相关文章:
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