EEF's latest Pay Bulletin adds to the mixed news on the economy Jeegar talked about earlier.
Our results show earnings growth in manufacturing continued to slow in the three months to May, falling to a new record low of 0.8% from 1%.
Manufacturers continue to do their utmost to hold on to skilled workers as around two-thirds of all settlements were pay freezes.
David Yeandle, EEF's Head of Employment Policy, said:-
"These latest figures demonstrate not just the severity of the downturn since last autumn but the serious efforts that companies have taken to control their costs. Compared to previous recessions this period has also been marked by employees and their representatives working positively with employers to manage pay as a way of helping maintain employment levels."
EEF members can log in to read the full report.