EEF comment on PMI data

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Commenting on today’s PMI data, Ms Lee Hopley, Chief Economist at EEF, the manufacturers’ organisation, said:

“The picture emerging from all manufacturing surveys is a softening in the pace of expansion, though the sector hasn’t moved into the slow lane, is still growing and remains on track for a solid increase in output this year overall. But we’ve seen a range of factors start to weigh on demand for UK goods, particularly from flagging overseas markets.

“Trading conditions have become somewhat more challenging as we’ve moved into the second half of this year so it remains critical that policy makers continue to focus efforts on sustaining growth across manufacturing and, the economy, in the rest of this parliament.”


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