Britain is now the eighth largest industrial nation with an annual output worth $249 billion as UK manufacturing continues to climb up the global rankings.
According to the 2017 manufacturing fact card from manufacture’s organisation EEF and Santander, Britain has risen about ninth place in the global rankings since last year.
In the post-Brexit world, manufacturing will increasingly provide Britain’s link to the world, currently generating 44% of total UK exports.
The sector is also vital for the nation’s future source of income, undertaking some 70% of total R&D by Britain’s businesses.
Data around employment is equally impressive, with 2.6 million people working within the manufacturing sector across the country.
The largest individual sector is food and drink (16%) while the chemicals and pharmaceuticals and transport sectors both account for 14% of output each.
It is these two sectors which also head up the manufacturing innovation league table, with ONS figures revealing that pharmaceuticals accounts for 34.4% of UK innovation, and transport 33%.
As a sector, the manufacturing good news story continues into comparable pay rates, offering higher wages than other sectors with highly paid, highly skilled jobs.
Average earnings have increased from £31,489 to £32,047, still sitting well above the take home totals from services (+£4,499) and some £3,748 more than the whole economy average pay.
Manufacturing is spread across the country – the North West remaining the biggest regional powerhouse, producing over £24 billionn output.
Manufacturing also helps power the engine of the West Midlands (£17.5 billion) and East Midlands (£15.9 billion), with their strength across the aerospace and automotive sectors.
A reminder of the post-Brexit challenge is ever present as EU markets still dominate for exports, accounting for 48% of manufactured exports in 2017q2. The UK’s largest single export destination is the United States, followed by Germany and France.