EEF Comment on latest Industrial Production figures
Commenting on today's Industrial Production figures, EEF Head of Economic Policy Lee Hopley, said:
“Whilst cautious about placing too much weight on one month’s data, these figures continue the recent pattern showing that industry may be through the worst . Rapid stock adjustments and a more favourable exchange rate will be helping production levels, which still remain significantly below pre-recession levels, but manufacturers will need to see clear signs of a pick up in global demand before a degree of confidence returns to the sector.”