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
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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.
CMI Quarter 1 2018
After experiencing a slight lull within the final quarter of 2017, the latest results show that the index is now following an upwards trajectory across the board. Whilst all three indexes have seen growth over the past three months, the main drivers are both the fabrication and the ‘others’ index (accounting for processes such as casting, toolmaking, finishing, plastics & rubber), with the machining index reporting less pronounced growth than its counterparts. Read more..
CMI Quarter 4 2017
The fourth quarter saw a slowing of both the machining and the fabrication markets - both of which had reported consistent growth over the preceding nine months. The index first showed signs of slowing within September, which set the general trend for the final quarter of 2017. Read more..
CMI Quarter 3 2017
Demand from the electronics sector pushed contract manufacturing up 25 per cent in Q3 Despite negative indicators such as the fall in UK productivity and decline in new car registrations, Britain’s contract and subcontract manufacturing market appears to be going from strength to strength. Read more
CMI Index Q2 2017
Building on strong figures for the first quarter of 2017, the subcontract manufacturing market edged ahead another 6.7% in the second quarter, with strong demand for machining in June offsetting a dip in May. Read more.
CMI Index Q4 2016
The latest Contract Manufacturing Index figures show that the market for contract and subcontract manufacturing was up by 12% in 2016 compared to the previous year, at 161 compared to 144. The baseline index of 100 represents the average value of the subcontracting market in 2014 – so the increase over two years is 60%. Read more
CMI Index Q3 2016
The contract manufacturing market was 19% down in Q3 2016 compared to Q2 but 21% up on Q3 2015
In contrast with more general indicators of activity for the manufacturing sector, the latest Qimtek Contract Manufacturing Index (CMI) shows that the value of the UK contract and subcontract manufacturing market dropped by 19% in the third quarter (Q3) of 2016 compared to the second quarter (Q2). Read more.
Quarter 2 - 2016
Contract manufacturing market up 21% in Q2 compared to Q1 and up 72% on Q2 2015
The latest Qimtek Contract Manufacturing Index (CMI) shows that the value of the UK contract and subcontract market rose by 21% in the second quarter (Q2) of 2016 compared to the first quarter (Q1), despite uncertainty in the months leading up to the Brexit vote. Read more
Quarter 1 - 2016
The value of the UK contract and subcontract market rose by nearly 8% in the first quarter of 2016 compared to the final quarter of 2015, according to the latest Qimtek Contract Manufacturing Index (CMI) figures. Read more
According to a our new manufacturing index, the value of contract and subcontract manufacturing in the UK engineering sector was 18% higher over the course of 2015 than it was in 2014. Read more