Contract Manufacturing Index

It has always been difficult, if not impossible, to put an accurate figure on the volume of contract and subcontract manufacturing in the UK. There are no agreed definitions as to what the terms cover and no way of separating them out in UK or EU manufacturing output statistics. With the introduction of the Qimtek Contract Manufacturing Index, we finally have a way of understanding how the market is moving, even if we can only guess at absolute values

How it is calculated

The Contract Manufacturing Index (CMI) has been developed to reflect the total purchasing budget for outsourced manufacturing of companies looking to place business in any given month. This reflects a sample of over 4,000 companies who could be placing business that together have a purchasing budget of more than £3bn and a supplier base sample of over 7,000 companies with a verified turnover of in excess of £25bn.