EEF comment on Industrial Production figures

Commenting on the latest Industrial Production figures, Stephen Radley, EEF Chief Economist said:  " It is too early say that the downturn in manufacturing is over. While the overall figures show output declining more slowly, the rate of contraction is still severe in some industries and trade volumes are still weak. The Bank was right to expand its quantitative easing programme last week and the focus must remain on fighting the recession."

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