EEF comment on Q3 2014 GDP data

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Commenting on today’s GDP data, Ms Felicity Burch, Senior Economist at EEF, the manufacturers’ organisation, said:

"Today’s estimates confirm the economy has slowed, with little surprise that export-intensive sectors have been most affected. After strong growth in the first six months of the year, the pace of growth in manufacturing has also slackened as a result of weaker demand from key markets including Europe and China.

"Nonetheless, the domestic economy remains relatively upbeat, and manufacturing sectors with strong exposure to the UK should do particularly well. Manufacturing is still on track to grow at its fastest pace since 2010."

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