The latest MHA Manufacturing and Engineering Report (https:// bit.ly/2Teni6O) concludes that although the average manufacturing business is working harder for marginally less returns, SMEs remain buoyant and are building resilience by strengthening their balance sheets, reducing borrowing and re-evaluating supply chains. Having analysed feedback over the past four years (scrutinising it from a qualitative and quantitative perspective), we've found revenue continues to increase, year on year. For 2018/2019, it was 4.11%, a slower rate than the previous year. The food, drink and tobacco sector leads the way in terms of revenue growth, (13.14%) whereas the motor and transport manufacturing sector has seen a minus 10.39% decline in revenue.
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