New research from Interact Analysis shows that the Covid-19 pandemic has had a marked effect on the manufacturing industry. While many machinery sectors are enjoying doubledigit growth, other areas continue to suffer due to supply chain issues and chip shortages. Output growth of 8.3% in 2021 was recorded as manufacturing recovers from the pandemic. And, while this is dwarfed by the 16% manufacturing output growth seen in 2010 after the financial crash, it is not so unexpected - because the financial crash saw manufacturing shrink by 8.3% in 2009. In contrast, 2021 saw a decline of only 3.2%.
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