Britain’s Aerospace Industry Declines On Brexit Uncertainty | Aviation International News

Britain’s Aerospace Industry Declines On Brexit Uncertainty

UK aerospace industry production fell in 2018 in spite of record global aircraft deliveries.

By Cathy Buyck • Contributor - Europe

February 11, 2019

Fears that Brexit would lead to a declining UK share of the global aerospace manufacturing industry became reality on Monday, as official figures revealed a 3.9 percent fall in output last year, only the second drop for Britain’s aerospace sector since the recession of 2008. The annual decline in the output of aircraft manufacturing proved even steeper at 4.5 percent, according to data published by the UK Office for National Statistics, and overshadowed the growth in maintenance, repair, and overhaul activities, which account for a smaller portion of the sector overall. In the preceding seven years to 2017, growth in UK aircraft manufacturing averaged 4.8 percent a year as the sector benefited from strong global demand and rising production rates.

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