"When viewed in the context of previous, often uneven recoveries, UK economic growth remains healthy with manufacturing enjoying the best 12 months since 1994. Yet, below the headline number we are still only seeing tentative signs of the economic rebalancing the UK needs.
"Consequently, continued growth cannot be taken for granted. The rising risk of a currency war, coupled with cautious consumers at home, could still derail recovery. The government must now deliver on its growth strategy to ensure that manufacturers and the rest of the private sector are able to create jobs, generate wealth and make the investment needed to rebalance our economy."