EEF comment on IoP data

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

“Manufacturing climbed back in the final months of last year with output hitting its highest level in almost six years. While it was a mixed picture across the diverse range of sectors that make up the sector, there was a particularly strong finish to the year for companies in the electronics, transport and food industries.

“Nevertheless output is still 5% below the pre-recession peak and while early indicators seem positive for this year, the need for continuing focus from government on boosting investment, innovation and exports remains vital for balanced growth and stronger productivity across the economy.”

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