Brexit fallout fails to unnerve Yorkshire manufacturing businesses
Yorkshire manufacturers have performed relatively very well in August 2016 with the region having the lowest proportion of businesses at higher than normal risk of insolvency, according to research by insolvency trade body R3.
Of 12,187 active businesses in the manufacturing sector in Yorkshire, just 2,253 (18.5 %) were identified as being at higher than normal risk. The UK average was 21.5 per cent.
In other sectors in Yorkshire, construction showed continued recovery with 25.6 per cent of businesses at higher than normal risk compared with 27.1 per cent nationwide.
Hotels in the region were also among the best performing with just 17.9 per cent, significantly better than the UK average of 19.8 per cent.
However, R3 found that Yorkshire’s pubs, restaurants, transport and retail businesses struggled during August in the face of tough conditions.
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