12-Jun-2019 12:32 PM

ADS: UK aerospace industry expanded just 0.2% for year to Apr-2019 on Brexit uncertainty

ADS Group published (11-Jun-2019) its 2019 UK Aerospace Outlook. Key figures include:

  • UK aerospace sector is valued at GBP36 billion, generating more than GBP34 billion in exports p/a and employing 111,000 people;
  • Industry turnover has grown 45% since 2010;
  • The EU is biggest market for UK aerospace, accounting for 35% of exports. It followed by the US and Canada at 21%;
  • UK aerospace industry private investment was GBP2.7 billion in 2017, with GBP1.5 billion invested in R&D including industry, Government and international contributions;
  • Brexit has produced a decline in UK GDP in Apr-2019 and volatility in investment and production by the UK aerospace industry in the year before the UK's expected exit from the EU (initially scheduled for 29-Mar-2019). There has been significant industry volatility as a result of preparations for Brexit, including stockpiling;
  • UK aerospace manufacturing declined in 2018 despite rising global production. For the year to Apr-2019 the industry showed growth of 0.2%. [more - original PR]

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