Qimtek Ltd
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Volatile 2020 for subcontracting

AGAINST A traumatic background of the Covid-19 pandemic and Brexit worries, the subcontract manufacturing market showed some resilience – with the Contract Manufacturing Index (CMI) ending the year 1% up on the final quarter of 2019. The index for the final quarter of 2020 (Q4) was 67, compared to 66 for Q4 2019.

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Positive signs for subcontract market

The effects of the Covid-19 shutdown saw the market for subcontracting fall by an unprecedented 56% in the second quarter of 2020, according to the latest Contract Manufacturing Index (CMI), but with June showing signs of recovery the outlook is more positive.

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